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Current as of January 01, 2023 | Updated by Findlaw Staff
If an institution becomes insolvent and is taken in charge by the Director of the Department of Consumer and Business Services for liquidation, the director may maintain an action against any stockholder, whose stock or assessment on the stock has not been fully paid, for the collection of the unpaid balance. The action may be prosecuted against one or more stockholders, singly or collectively.
Cite this article: FindLaw.com - Oregon Revised Statutes Financial Institutions § 711.495 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-53-financial-institutions/or-rev-st-sect-711-495/
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