Or. Rev. Stat. § 711.075 – Conversion of Oregon nonstock bank into financial institution

(1) An Oregon nonstock bank may convert into a financial institution subject to the prior approval of the supervisory authority having jurisdiction over the proposed resulting financial institution.
(2) Upon completion of the conversion of an Oregon nonstock bank, its charter shall terminate, except for the purposes specified in ORS 711.190.

[1997 c.631 §267]