Oregon Statutes
§ 711.430 — Placing business in control of director; notice
Oregon § 711.430
JurisdictionOregon
Vol.18
Title 53Financial Institutions
Ch. 711Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency
This text of Oregon § 711.430 (Placing business in control of director; notice) 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. § 711.430 (2026).
Text
(1)An institution may place its property and affairs under the control of the Director of the Department of Consumer and Business Services to be liquidated by notifying the director of its proposed action and by posting a notice on its doors as follows: “This Bank (or Trust Company) Is Under the Control of the Department of Consumer and Business Services.”
(2)The posting of the notice or the taking possession of an institution by the director is sufficient to place all its property and affairs of whatever nature in the possession of the director and operates as a bar and dissolution to any attachment proceedings.
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Legislative History
Amended by 1973 c.797 §254; 1975 c.544 §36; 1987 c.373 §54
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Oregon § 711.430, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/711.430.