Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency

  1. Law
  2. Oregon Revised Statutes
  3. Financial Institutions, Insurance
  4. Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency

Checkout our iOS App for a better way to browser and research.

Section
711.005

[Amended by 1973 c.797 §218; repealed by 1997 c.631 §567]

Section
711.010

[Amended by 1973 c.797 §219; repealed by 1997 c.631 §567]

Section
711.015

[Amended by 1973 c.797 §220; repealed by 1997 c.631 §567]

Section
711.017

[1993 c.229 §9; 1995 c.6 §3; repealed by 1997 c.631 §567]

Section
711.020

[Amended by 1973 c.797 §221; 1977 c.135 §24; 1981 c.192 §15; repealed by 1997 c.631 §567]

Section
711.022

[1973 c.797 §222; 1975 c.544 §29a; 1981 c.192 §16; repealed by 1997 c.631 §567]

Section
711.025

[Amended by 1973 c.797 §223; 1981 c.192 §17; 1987 c.197 §6; 1989 c.324 §53; repealed by 1997 c.631 §567]

Section
711.030

[Amended by 1973 c.797 §224; 1983 c.37 §21; repealed by 1997 c.631 §567]

Section
711.032

[1973 c.797 §225; repealed by 1997 c.631 §567]

Section
711.035

[Amended by 1973 c.797 §226; repealed by 1997 c.631 §567]

Section
711.040

Section 711.040

Section
711.042

[1973 c.797 §228; 1983 c.296 §6; repealed by 1997 c.631 §567]

Section
711.045

Section 711.045

Section
711.047

[1981 c.192 §21; 1983 c.296 §8; repealed by 1997 c.631 §567]

Section
711.050

[Amended by 1973 c.797 §230; repealed by 1997 c.631 §567]

Section
711.055

Section 711.055

Section
711.060

Section 711.060

Section
711.065

Conversion of Oregon stock bank into insured stock institution.

Section
711.070

Conversion of financial institution into Oregon stock bank; application.

Section
711.075

Conversion of Oregon nonstock bank into financial institution.

Section
711.080

Conversion of financial institution into Oregon nonstock bank; application.

Section
711.085

Approval of conversion of Oregon bank by board or shareholders.

Section
711.090

Conversion of Oregon bank or Oregon trust company to corporation or limited liability company.

Section
711.095

Approval of plan of conversion; fee.

Section
711.100

Articles of conversion; effective date of conversion.

Section
711.104

Rights of member of Oregon bank or Oregon trust company to dissent to conversion from limited liability company to corporation; demand required; notice and offer to pay for shares; cost of appraisal of shares.

Section
711.105

[Repealed by 1973 c.797 §428]

Section
711.110

[Amended by 1973 c.797 §233; repealed by 1997 c.631 §567]

Section
711.112

[1973 c.797 §234; repealed by 1997 c.631 §567]

Section
711.115

[Amended by 1973 c.797 §235; repealed by 1997 c.631 §567]

Section
711.120

[Repealed by 1973 c.797 §428]

Section
711.125

Merger of Oregon stock bank with insured stock institution; company acquiring shares of Oregon stock bank through share exchange.

Section
711.130

Approval of plan of merger or share exchange involving Oregon stock bank; contents of plan; fee.

Section
711.135

Action by director on plan of merger or share exchange involving Oregon stock bank; appeal.

Section
711.140

Approval of merger or share exchange involving Oregon stock bank by stockholders.

Section
711.145

Effective date of merger or share exchange involving Oregon stock bank.

Section
711.150

Merger of Oregon nonstock bank with insured nonstock institution.

Section
711.155

Approval of merger involving Oregon nonstock bank; contents of plan; fee.

Section
711.160

Action by director on plan of merger involving Oregon nonstock bank; appeal.

Section
711.165

Effective date of merger involving Oregon nonstock bank.

Section
711.170

Sale of assets and transfer of liabilities by Oregon bank; approval of director and board of directors; fee; appeal.

Section
711.175

Stockholder’s right to dissent to merger, share exchange, transfer of assets or liabilities or conversion.

Section
711.180

Rights of stockholder dissenting to merger, share exchange, transfer of assets or liabilities or conversion; demand required; notice and offer to pay for shares; costs of appraisal of shares; when rights not applicable.

Section
711.185

Stockholder withdrawal of demand for payment for shares made under ORS 711.180.

Section
711.190

Effect of merger or conversion of Oregon bank; rights, powers, duties and liabilities of resulting financial institution.

Section
711.195

Merger, conversion or acquisition of Oregon bank involving trust company.

Section
711.197

Conditions for resulting Oregon bank to conform with state law.

Section
711.199

Valuation of assets on books of resulting Oregon bank.

Section
711.205

[Amended by 1973 c.797 §236; 1993 c.229 §10; repealed by 1997 c.631 §567]

Section
711.207

[1973 c.797 §237; repealed by 1997 c.631 §567]

Section
711.210

[Repealed by 1973 c.797 §428]

Section
711.211

[1993 c.229 §12; repealed by 1997 c.631 §567]

Section
711.215

Voluntary liquidation on approval of stockholders and director; costs of special examination.

Section
711.217

Transactions exempt from ORS 711.220 to 711.235.

Section
711.220

Notice of voluntary liquidation; presentation of claims.

Section
711.225

Report and transfer of unclaimed deposits.

Section
711.230

Claims; time within which presented; extension of time.

Section
711.235

Report of liquidation to director; disposition of remaining assets.

Section
711.240

Supervision and control by director.

Section
711.245

[Repealed by 1973 c.797 §428]

Section
711.250

Engaging in banking or trust business prohibited after liquidation, transfer of deposit liabilities or ceasing to do business for one year; dissolution.

Section
711.305

[Amended by 1973 c.797 §246; repealed by 1997 c.631 §567]

Section
711.310

[Amended by 1973 c.797 §247; 1975 c.544 §31; repealed by 1997 c.631 §567]

Section
711.315

[Amended by 1973 c.797 §248; 1975 c.544 §32; 1991 c.249 §66; repealed by 1997 c.631 §567]

Section
711.320

[Amended by 1973 c.797 §249; repealed by 1997 c.631 §567]

Section
711.400

Supervision of liquidation by circuit court; called "supervising court."

Section
711.405

When institution deemed insolvent.

Section
711.410

Transfer of assets after commission of act of insolvency or in contemplation of insolvency; exceptions.

Section
711.415

Receiving deposits in excess of insurance while insolvent.

Section
711.419

Taking possession of Oregon stock bank by director.

Section
711.420

[Repealed by 1973 c.797 §428]

Section
711.425

[Repealed by 1973 c.797 §428]

Section
711.430

Placing business in control of director; notice.

Section
711.435

Resumption of business of institution placed in control of director.

Section
711.440

Receivers and assignments for benefit of creditors; notice to and action by director.

Section
711.445

Notice of taking possession of institution; prohibition against liens subsequent to insolvency.

Section
711.450

Prohibition against applying to enjoin director from continuing possession.

Section
711.455

[Repealed by 1973 c.797 §428]

Section
711.460

[Repealed by 1973 c.797 §428]

Section
711.465

Transfer of liquidation functions to Federal Deposit Insurance Corporation.

Section
711.470

Subrogation rights of Federal Deposit Insurance Corporation.

Section
711.475

Inventory of assets; filing notice of taking possession.

Section
711.480

Sale of assets.

Section
711.485

Borrowing funds to pay closed institution expenditures.

Section
711.490

Capital stock requirements of institution purchasing assets and assuming liabilities of insolvent institution.

Section
711.495

Action by director to collect balance due on stock or stock assessment.

Section
711.500

Liability of transferor of stock made in contemplation of insolvency; proceedings to relieve stockholder of liability prohibited.

Section
711.505

Liability of fiduciary as stockholder; liability of estate and funds.

Section
711.510

Deposit of money collected under ORS 711.495; security for deposit.

Section
711.515

"Depositor" defined; preferences among depositors.

Section
711.520

Priority of claimants against assets of Oregon stock bank that is insolvent or in liquidation.

Section
711.525

Interest on deposits after Oregon stock bank closes.

Section
711.530

Notice to creditors to present claims.

Section
711.535

Verification and filing of claims; demand for preference.

Section
711.540

Approval or rejection of claims.

Section
711.545

Objection to approval of claims.

Section
711.550

Objection to rejection of claims.

Section
711.554

Procedure for determination of claims.

Section
711.555

[Repealed by 1973 c.797 §428]

Section
711.560

Costs and disbursements in claim proceedings.

Section
711.565

Claims presented after time expired.

Section
711.567

Supervising court to bar claims to facilitate closing.

Section
711.570

Lists of claims.

Section
711.572

Liability of directors for distributing assets without payment of known debts.

Section
711.575

Dividends to depositors.

Section
711.577

Death of depositor; payment of claim.

Section
711.580

Safety deposit boxes; removal of property.

Section
711.582

Disposition of contents of safety deposit boxes.

Section
711.585

Selection of agents to wind up affairs of institution; bond or letter of credit; duties of agent.

Section
711.590

Disposition of unclaimed deposits; interest.

Section
711.595

Destruction of liquidation records in possession of director.

Section
711.600

Liquidation expenses.

Section
711.605

Petitions relating to insolvent institutions; ruling by director; court review.

Section
711.610

[Repealed by 1973 c.797 §428]

Section
711.615

Court filing fees.

Section
711.620

Suspending or restricting payment of liabilities; duration.

Section
711.625

Taking possession of Oregon stock bank by director; powers of director; expenses.

Section
711.630

Pro rata withdrawals by depositors.

Section
711.635

Receiving new deposits; segregation.

Section
711.640

Termination of suspension or restriction on payment of liabilities.

Section
711.645

Notice of termination of suspension or restriction on payment of liabilities.

Section
711.650

Segregation of deposits until termination notice has been given.

Section
711.655

Use of suspended deposits to pay indebtedness of depositor.

Section
711.660

Assignment or transfer of capital stock while payment of liabilities suspended or restricted.

Section
711.665

Suspension or restriction of liability payment not evidence of insolvency.

Section
711.670

Compliance with ORS 711.620 to 711.670 as defense to depositor’s action.

Section
711.980

Civil penalties.

Section
711.990

[Amended by 1973 c.797 §304; repealed by 1975 c.544 §62]