§ 707.220 — Stock record; contents; inspection

Oregon § 707.220

• Jurisdiction: Oregon
• Vol.: 18
• Title 53: Financial Institutions
• Ch. 707: Organization to Conduct Banking Business; Stockholders, Directors and

Text

(1) An institution or Oregon stock savings bank shall keep a stock ledger or register that shall show the name and mailing address of and the number of shares held by each stockholder of record. The institution or Oregon stock savings bank shall also maintain a record of transfers of stock, stating the time when made, the number of shares transferred and to whom transferred.
(2) The stock ledger or register shall be available for inspection and copying, during regular business hours at a reasonable location specified by the institution or Oregon stock savings bank, by a stockholder of the institution or Oregon stock savings bank upon at least five days’ prior written notice if:
(a) The stockholder’s demand for inspection is made in good faith and for a proper purpose;
(b) The stockholder described with reasonable particularity the stockholder’s purpose; and
(c) The stock ledger or register requested is directly connected to the stockholder’s purpose.

Legislative History

Amended by 1973 c.797 §69; 1997 c.631 §56