Oregon Statutes
§ 711.085 — Approval of conversion of Oregon bank by board or shareholders
Oregon § 711.085
JurisdictionOregon
Vol.18
Title 53Financial Institutions
Ch. 711Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency
This text of Oregon § 711.085 (Approval of conversion of Oregon bank by board or shareholders) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Or. Rev. Stat. § 711.085 (2026).
Text
If an Oregon bank converts pursuant to ORS 711.065 to 711.080, the conversion must be approved by:
(1)A simple majority of the full board of directors of the converting Oregon bank, unless the articles or bylaws of the converting Oregon bank required a greater percentage; and
(2)If the converting bank is an Oregon stock bank, a vote of a simple majority of the outstanding stock of each class of voting shares at a meeting called to consider the conversion, unless the articles or bylaws of the converting Oregon bank required a greater percentage.
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Related
§ 711.065
Oregon § 711.065
Legislative History
1997 c.631 §269; 2015 c.244 §81
Nearby Sections
15
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Bluebook (online)
Oregon § 711.085, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/711.085.