Oregon Statutes
§ 711.215 — Voluntary liquidation on approval of stockholders and director; costs of special examination
Oregon § 711.215
JurisdictionOregon
Vol.18
Title 53Financial Institutions
Ch. 711Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency
This text of Oregon § 711.215 (Voluntary liquidation on approval of stockholders and director; costs of special examination) 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. § 711.215 (2026).
Text
An institution may go into voluntary liquidation by vote of its stockholders owning at least two-thirds of its capital stock. The institution shall first obtain the written consent of the Director of the Department of Consumer and Business Services. Before consenting to the liquidation, the director may require a special examination of the condition and affairs of the institution. The institution shall pay the actual costs of the examination as provided in ORS 706.544.
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Related
§ 706.544
Oregon § 706.544
Legislative History
Amended by 1973 c.797 §238; 1985 c.762 §43; 1985 c.786 §40; 1999 c.59 §220
Nearby Sections
15
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Bluebook (online)
Oregon § 711.215, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/711.215.