Oregon Statutes 711.125 – Merger of Oregon stock bank with insured stock institution; company acquiring shares of Oregon stock bank through share exchange
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(1) Subject to the provisions and requirements of ORS § 711.130 to 711.145 and 713.270, any Oregon stock bank may merge with any insured stock institution if the merger is permitted by the supervisory authority having jurisdiction over the resulting insured stock institution.
Terms Used In Oregon Statutes 711.125
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(2) Subject to the provisions and requirements of ORS § 711.130 to 711.145 and 713.270, ORS Chapter 715 and applicable federal law, a company may acquire all of the outstanding shares of one or more classes or series of stock of an Oregon stock bank through a share exchange. [1997 c.631 § 270]