The shares of stock of an institution or Oregon stock savings bank shall be transferred on the books of the institution or Oregon stock savings bank in such manner as the bylaws may provide and as required in ORS 707.220. A transfer of stock is not valid while an institution or Oregon stock savings bank is under notice from the Director of the Department of Consumer and Business Services to make good any impairment of its stockholders’ equity, until the impairment has been made good. [Amended by 1973 c.797 §70; 1997 c.631 §57]
Section: Previous 707.188 707.190 707.195 707.200 707.210 707.215 707.220 707.230 707.240 707.242 707.244 707.246 707.248 707.250 707.252 NextLast modified: August 7, 2008