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]
Section: Previous 711.195 711.197 711.199 711.205 711.207 711.210 711.211 711.215 711.217 711.220 711.225 711.230 711.235 711.240 711.245 NextLast modified: August 7, 2008