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

1. Law
2. Oregon Revised Statutes
3. Financial Institutions, Insurance
4. Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency
5. Conversion of Oregon bank or Oregon trust company to corporation or limited liability company.

(2) The plan of conversion shall set forth:

(a) The name of the Oregon bank or Oregon trust company prior to the conversion;

(b) The name of the Oregon bank or Oregon trust company after the conversion;

(c) A summary of the material terms and conditions of the conversion;

(d) The manner and basis of converting the ownership interests of each owner into the ownership interests or obligations of the converted Oregon bank or Oregon trust company, or into cash or other property, in whole or in part; and

(e) Any additional information required by the Director of the Department of Consumer and Business Services.

(3) The plan of conversion may set forth other provisions relating to the conversion. [2005 c.134 §6]

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