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

ORS 711.075 — under Chapter 711.

ORS 711.075

(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]