Oregon Revised Statutes Chapter 711 § 711.215 — Voluntary liquidation on approval of stockholders and director; costs of
Oregon Revised Statutes Chapter 711 ·
Oregon Code § 711.215·Enacted ·Last updated March 01, 2026
Statute Text
Voluntary liquidation on approval of stockholders and director; costs of
special examination.
An institution may go into voluntary liquidation by vote of its stockholders
owning at least two-thirds of its capital stock. The institution shall first
obtain the written consent of the Director of the Department of Consumer and
Business Services. Before consenting to the liquidation, the director may
require a special examination of the condition and affairs of the institution.
The institution shall pay the actual costs of the examination as provided in
ORS 706.544. [Amended by 1973 c.797 §238; 1985 c.762 §43; 1985 c.786 §40; 1999
c.59 §220]
Plain English Explanation
This Oregon statute addresses Voluntary liquidation on approval of stockholders and director; costs of
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 711.215
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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