Statutes, codes, and regulations
Oregon Revised Statutes
Title 53 - FINANCIAL INSTITUTIONSChapter 716 - SAVINGS BANKS
DISSOLUTION; LIQUIDATION
Section 716.910 - Report to director; termination of existence

ORS § 716.910

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Current through 2024 Regular Session legislation
Section 716.910 - Report to director; termination of existence

After the directors of an Oregon nonstock bank have filed their report and deposited the unclaimed funds with the State Treasurer as required under ORS 716.905, the directors shall report their proceedings to the Director of the Department of Consumer and Business Services. Upon filing the report and the petition of the directors with the Director of the Department of Consumer and Business Services, the director shall order the charter surrendered, the directors discharged from liability accruing after the order, and the existence of the Oregon nonstock bank terminated.

ORS 716.910

Amended by 2019 Ch. 678,§ 76, eff. 9/29/2019, op. 7/1/2021.
Amended by 1973 c.797 §396; 1997 c.631 §362