Oregon Code § 711.495·Enacted ·Last updated March 01, 2026
Statute Text
Action
by director to collect balance due on stock or stock assessment.
If an institution becomes
insolvent and is taken in charge by the Director of the Department of Consumer
and Business Services for liquidation, the director may maintain an action
against any stockholder, whose stock or assessment on the stock has not been
fully paid, for the collection of the unpaid balance. The action may be
prosecuted against one or more stockholders, singly or collectively. [Amended
by 1973 c.797 §265]
Plain English Explanation
This Oregon statute addresses Action
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 711.495
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Action
. Read the full statute text above for details.
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The formal citation is Oregon Code § 711.495. Use this format in legal documents and court filings.
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