(1) After the entry of an order terminating the rights of the parent or parents of the ward, the court may:

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(a) Place the ward in the legal custody and guardianship of a public or private institution or agency authorized to consent in loco parentis to the adoption of children. An order pursuant to this paragraph is a ‘permanent commitment’ for the purposes of ORS § 109.118, 109.268, 109.301 to 109.330 and 109.350 to 109.390; or

(b) Make any order directing disposition of the ward that it is empowered to make under this chapter.

(2) If the rights of only one parent have been terminated, the authority to consent to the adoption of the ward as provided in subsection (1)(a) of this section is effective only with respect to the parent whose rights have been terminated. [1993 c.33 § 147; 2003 c.396 § 90; 2013 c.346 § 13]