There is a newer version of the Oregon Revised Statutes
2011 Oregon Revised Statutes
ORS Volume 16, Chapters 705 - 752
ORS Chapter 711
- 711.005 [Amended by 1973 c.797 218; repealed by 1997 c.631 567]
- 711.010 [Amended by 1973 c.797 219; repealed by 1997 c.631 567]
- 711.015 [Amended by 1973 c.797 220; repealed by 1997 c.631 567]
- 711.017 [1993 c.229 9; 1995 c.6 3; repealed by 1997 c.631 567]
- 711.020 [Amended by 1973 c.797 221; 1977 c.135 24; 1981 c.192 15; repealed by 1997 c.631 567]
- 711.022 [1973 c.797 222; 1975 c.544 29a; 1981 c.192 16; repealed by 1997 c.631 567]
- 711.025 [Amended by 1973 c.797 223; 1981 c.192 17; 1987 c.197 6; 1989 c.324 53; repealed by 1997 c.631 567]
- 711.030 [Amended by 1973 c.797 224; 1983 c.37 21; repealed by 1997 c.631 567]
- 711.032 [1973 c.797 225; repealed by 1997 c.631 567]
- 711.035 [Amended by 1973 c.797 226; repealed by 1997 c.631 567]
- 711.040 [Amended by 1973 c.797 227; 1981 c.192 18; 1997 c.631 235; renumbered 711.190 in 1997]
- 711.042 [1973 c.797 228; 1983 c.296 6; repealed by 1997 c.631 567]
- 711.045 [Amended by 1973 c.797 229; 1975 c.544 30; 1977 c.135 25; 1981 c.192 19; 1983 c.296 7; 1997 c.631 236; renumbered 711.180 in 1997]
- 711.047 [1981 c.192 21; 1983 c.296 8; repealed by 1997 c.631 567]
- 711.050 [Amended by 1973 c.797 230; repealed by 1997 c.631 567]
- 711.055 [Amended by 1973 c.797 231; 1997 c.631 237; renumbered 711.197 in 1997]
- 711.060 [Amended by 1973 c.797 232; 1997 c.631 238; renumbered 711.199 in 1997] MERGER; CONVERSION; SHARE EXCHANGE; ACQUISITION (Conversion)
- 711.065 Conversion of Oregon stock bank into insured stock institution.
- 711.070 Conversion of financial institution into Oregon stock bank; application.
- 711.075 Conversion of Oregon nonstock bank into financial institution.
- 711.080 Conversion of financial institution into Oregon nonstock bank; application.
- 711.085 Approval of conversion of Oregon bank by board or shareholders.
- 711.090 Conversion of Oregon bank or Oregon trust company to corporation or limited liability company.
- 711.095 Approval of plan of conversion; fee.
- 711.100 Articles of conversion; effective date of conversion.
- 711.104 Rights of member of Oregon bank or Oregon trust company to dissent to conversion from limited liability company to corporation; demand required; notice and offer to pay for shares; cost of appraisal of shares.
- 711.105 [Repealed by 1973 c.797 428]
- 711.110 [Amended by 1973 c.797 233; repealed by 1997 c.631 567]
- 711.112 [1973 c.797 234; repealed by 1997 c.631 567]
- 711.115 [Amended by 1973 c.797 235; repealed by 1997 c.631 567]
- 711.120 [Repealed by 1973 c.797 428] (Merger, Share Exchange and Acquisition)
- 711.125 Merger of Oregon stock bank with insured stock institution; company acquiring shares of Oregon stock bank through share exchange.
- 711.130 Approval of plan of merger or share exchange involving Oregon stock bank; contents of plan; fee.
- 711.135 Action by director on plan of merger or share exchange involving Oregon stock bank; appeal.
- 711.140 Approval of merger or share exchange involving Oregon stock bank by stockholders.
- 711.145 Effective date of merger or share exchange involving Oregon stock bank.
- 711.150 Merger of Oregon nonstock bank with insured nonstock institution.
- 711.155 Approval of merger involving Oregon nonstock bank; contents of plan; fee.
- 711.160 Action by director on plan of merger involving Oregon nonstock bank; appeal.
- 711.165 Effective date of merger involving Oregon nonstock bank.
- 711.170 Sale of assets and transfer of liabilities by Oregon bank; approval of director and board of directors; fee; appeal.
- 711.175 Stockholder s right to dissent to merger, share exchange, transfer of assets or liabilities or conversion.
- 711.180 Rights of stockholder dissenting to merger, share exchange, transfer of assets or liabilities or conversion; demand required; notice and offer to pay for shares; costs of appraisal of shares; when rights not applicable.
- 711.185 Stockholder withdrawal of demand for payment for shares made under ORS 711.180.
- 711.190 Effect of merger or conversion of Oregon bank; rights, powers, duties and liabilities of resulting financial institution.
- 711.195 Merger, conversion or acquisition of Oregon bank involving trust company.
- 711.197 Conditions for resulting Oregon bank to conform with state law.
- 711.199 Valuation of assets on books of resulting Oregon bank.
- 711.205 [Amended by 1973 c.797 236; 1993 c.229 10; repealed by 1997 c.631 567]
- 711.207 [1973 c.797 237; repealed by 1997 c.631 567]
- 711.210 [Repealed by 1973 c.797 428]
- 711.211 [1993 c.229 12; repealed by 1997 c.631 567] VOLUNTARY LIQUIDATION; DISSOLUTION
- 711.215 Voluntary liquidation on approval of stockholders and director; costs of special examination.
- 711.217 Transactions exempt from ORS 711.220 to 711.235.
- 711.220 Notice of voluntary liquidation; presentation of claims.
- 711.225 Report and transfer of unclaimed deposits.
- 711.230 Claims; time within which presented; extension of time.
- 711.235 Report of liquidation to director; disposition of remaining assets.
- 711.240 Supervision and control by director.
- 711.245 [Repealed by 1973 c.797 428]
- 711.250 Engaging in banking or trust business prohibited after liquidation, transfer of deposit liabilities or ceasing to do business for one year; dissolution.
- 711.305 [Amended by 1973 c.797 246; repealed by 1997 c.631 567]
- 711.310 [Amended by 1973 c.797 247; 1975 c.544 31; repealed by 1997 c.631 567]
- 711.315 [Amended by 1973 c.797 248; 1975 c.544 32; 1991 c.249 66; repealed by 1997 c.631 567]
- 711.320 [Amended by 1973 c.797 249; repealed by 1997 c.631 567] INSOLVENCY; LIQUIDATION BY DIRECTOR
- 711.400 Supervision of liquidation by circuit court; called supervising court.
- 711.405 When institution deemed insolvent; rules.
- 711.410 Transfer of assets after commission of act of insolvency or in contemplation of insolvency; exceptions.
- Note: The amendments to 711.410 by section 28, chapter 101, Oregon Laws 2010, become operative January 1, 2013, and apply to public funds on deposit on or after January 1, 2013. See section 29, chapter 101, Oregon Laws 2010, as amended by section 2, chapter 667, Oregon Laws 2011, and see section 30, chapter 101, Oregon Laws 2010. The text that is operative on and after January 1, 2013, is set forth for the user s convenience.
- 711.410. Except for transfers of public funds or securities that a depository, as defined in ORS 295.001, or the State Treasurer must make under ORS 295.001 to 295.108, transfers of assets made after the commission of an act of insolvency or in contemplation of insolvency to prevent the application of the assets in the manner prescribed by the Bank Act or to the preference of one creditor to another are void.
- 711.415 Receiving deposits in excess of insurance while insolvent.
- 711.419 Taking possession of Oregon stock bank by director.
- 711.420 [Repealed by 1973 c.797 428]
- 711.425 [Repealed by 1973 c.797 428]
- 711.430 Placing business in control of director; notice.
- 711.435 Resumption of business of institution placed in control of director.
- 711.440 Receivers and assignments for benefit of creditors; notice to and action by director.
- 711.445 Notice of taking possession of institution; prohibition against liens subsequent to insolvency.
- 711.450 Prohibition against applying to enjoin director from continuing possession.
- 711.455 [Repealed by 1973 c.797 428]
- 711.460 [Repealed by 1973 c.797 428]
- 711.465 Transfer of liquidation functions to Federal Deposit Insurance Corporation.
- 711.470 Subrogation rights of Federal Deposit Insurance Corporation.
- 711.475 Inventory of assets; filing notice of taking possession.
- 711.480 Sale of assets.
- 711.485 Borrowing funds to pay closed institution expenditures.
- 711.490 Capital stock requirements of institution purchasing assets and assuming liabilities of insolvent institution.
- 711.495 Action by director to collect balance due on stock or stock assessment.
- 711.500 Liability of transferor of stock made in contemplation of insolvency; proceedings to relieve stockholder of liability prohibited.
- 711.505 Liability of fiduciary as stockholder; liability of estate and funds.
- 711.510 Deposit of money collected under ORS 711.495; security for deposit.
- 711.515 Depositor defined; preferences among depositors.
- 711.520 Priority of claimants against assets of Oregon stock bank that is insolvent or in liquidation.
- 711.525 Interest on deposits after Oregon stock bank closes.
- 711.530 Notice to creditors to present claims.
- 711.535 Verification and filing of claims; demand for preference.
- 711.540 Approval or rejection of claims.
- 711.545 Objection to approval of claims.
- 711.550 Objection to rejection of claims.
- 711.554 Procedure for determination of claims.
- 711.555 [Repealed by 1973 c.797 428]
- 711.560 Costs and disbursements in claim proceedings.
- 711.565 Claims presented after time expired.
- 711.567 Supervising court to bar claims to facilitate closing.
- 711.570 Lists of claims.
- 711.572 Liability of directors for distributing assets without payment of known debts.
- 711.575 Dividends to depositors.
- 711.577 Death of depositor; payment of claim.
- 711.580 Safety deposit boxes; removal of property.
- 711.582 Disposition of contents of safety deposit boxes.
- 711.585 Selection of agents to wind up affairs of institution; bond or letter of credit; duties of agent.
- 711.590 Disposition of unclaimed deposits; interest.
- 711.595 Destruction of liquidation records in possession of director.
- 711.600 Liquidation expenses.
- 711.605 Petitions relating to insolvent institutions; ruling by director; court review.
- 711.610 [Repealed by 1973 c.797 428]
- 711.615 Court filing fees.
- 711.620 Suspending or restricting payment of liabilities; duration.
- 711.625 Taking possession of Oregon stock bank by director; powers of director; expenses.
- 711.630 Pro rata withdrawals by depositors.
- 711.635 Receiving new deposits; segregation.
- 711.640 Termination of suspension or restriction on payment of liabilities.
- 711.645 Notice of termination of suspension or restriction on payment of liabilities.
- 711.650 Segregation of deposits until termination notice has been given.
- 711.655 Use of suspended deposits to pay indebtedness of depositor.
- 711.660 Assignment or transfer of capital stock while payment of liabilities suspended or restricted.
- 711.665 Suspension or restriction of liability payment not evidence of insolvency.
- 711.670 Compliance with ORS 711.620 to 711.670 as defense to depositor s action.
- 711.980 Civil penalties.
- 711.990 [Amended by 1973 c.797 304; repealed by 1975 c.544 62] CHAPTER 712 [Reserved for expansion] _______________
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