Oregon Statutes
§ 711.490 — Capital stock requirements of institution purchasing assets and assuming liabilities of insolvent institution
Oregon § 711.490
JurisdictionOregon
Vol.18
Title 53Financial Institutions
Ch. 711Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency
This text of Oregon § 711.490 (Capital stock requirements of institution purchasing assets and assuming liabilities of insolvent institution) 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. § 711.490 (2026).
Text
If the assets of an insolvent institution are sold to a new institution and the new institution assumes any or all of the deposit liabilities of the insolvent institution with the approval of the Director of the Department of Consumer and Business Services and the supervising court, the new institution may be organized with a capital stock equal to the capital stock of the insolvent institution without regard to the capital requirements of ORS 707.050.
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Related
§ 707.050
Oregon § 707.050
Legislative History
Amended by 1973 c.797 §264
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Oregon § 711.490, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/711.490.