Oregon Revised Statutes Chapter 711 § 711.640 — Termination of suspension or restriction on payment of liabilities
Oregon Revised Statutes Chapter 711 ·
Oregon Code § 711.640·Enacted ·Last updated March 01, 2026
Statute Text
Termination of suspension or restriction on payment of liabilities.
(1) The Director of the Department
of Consumer and Business Services may, by order, on a date fixed by the order
and at least 10 days after the date of the order, terminate the suspension or
restriction on payment of liabilities of the Oregon stock bank designated in
the order.
(2) Immediately
upon the termination of the suspension or restriction on payment of liabilities
of the Oregon stock bank designated in the order, the director shall surrender
possession of the assets and properties of the Oregon stock bank to the proper officers
of the Oregon stock bank. The receipt of the officers operates as a full
release of the director. [1973 c.797 §297; 1997 c.631 §257]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 711.640
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Termination of suspension or restriction on payment of liabilities. Read the full statute text above for details.
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The formal citation is Oregon Code § 711.640. Use this format in legal documents and court filings.
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