Oregon Statutes
§ 711.640 — Termination of suspension or restriction on payment of liabilities
Oregon § 711.640
JurisdictionOregon
Vol.18
Title 53Financial Institutions
Ch. 711Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency
This text of Oregon § 711.640 (Termination of suspension or restriction on payment of liabilities) 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. § 711.640 (2026).
Text
(1)The Director of the Department of Consumer and Business Services may, by order, on a date fixed by the order and at least 10 days after the date of the order, terminate the suspension or restriction on payment of liabilities of the Oregon stock bank designated in the order.
(2)Immediately upon the termination of the suspension or restriction on payment of liabilities of the Oregon stock bank designated in the order, the director shall surrender possession of the assets and properties of the Oregon stock bank to the proper officers of the Oregon stock bank. The receipt of the officers operates as a full release of the director.
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Legislative History
1973 c.797 §297; 1997 c.631 §257
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Oregon § 711.640, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/711.640.