Or. Rev. Stat. § 711.065 – Conversion of Oregon stock bank into insured stock institution

(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.
(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]