Oregon Statutes 711.065 – Conversion of Oregon stock bank into insured stock institution
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(1) An Oregon stock bank may convert into an insured stock institution subject to the prior approval of the supervisory authority having jurisdiction over the proposed resulting insured stock institution.
Terms Used In Oregon Statutes 711.065
- 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) Upon completion of the conversion of an Oregon stock bank, its charter shall terminate, except for the purposes specified in ORS § 711.190. [1997 c.631 § 265]