{"data":{"id":"us-or/ors-711.085","jurisdiction":"us-or","citation":"ORS 711.085","heading":"Approval of conversion of Oregon bank by board or shareholders.","body":"If an Oregon bank converts pursuant to ORS 711.065 to 711.080, the conversion must be approved by:\n      (1) A simple majority of the full board of directors of the converting Oregon bank, unless the articles or bylaws of the converting Oregon bank required a greater percentage; and\n      (2) If the converting bank is an Oregon stock bank, a vote of a simple majority of the outstanding stock of each class of voting shares at a meeting called to consider the conversion, unless the articles or bylaws of the converting Oregon bank required a greater percentage.","path":["18 - Financial Institutions, Insurance","53. Financial Institutions","Chapter 711 — Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors711.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"1ae13eee7e9d7209753bfb91d86c460d4af510192efab8364ff77a58a44097a7","source_id":"us-or","stale":false,"prev":"us-or/ors-711.080","next":"us-or/ors-711.090"},"notice":"GroundRules: Original legal text. Not legal advice."}