2015 Oregon Revised Statutes
Volume : 16 - Financial Institutions, Insurance
Chapter 711 - Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency
Section 711.185 - Stockholder withdrawal of demand for payment for shares made under ORS 711.180.
(1) A dissenting stockholder making a demand under ORS 711.180 may withdraw the demand if:
(a) The Oregon stock bank, Oregon trust company or its successor consents to the withdrawal; or
(b) The dissenting stockholder pays the stockholder’s pro rata share of the appraisal costs and the Oregon stock bank’s or Oregon trust company’s reasonable costs and expenses, including attorney fees and costs.
(2) When a dissenting stockholder withdraws the demand under subsection (1) of this section, the stockholder’s status as a stockholder shall be restored, without prejudice to any corporate proceedings taking place in the interim.
[1997 c.631 §281; 2005 c.134 §11]
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