ORS 711.185: Stockholder withdrawal of demand for payment for shares made under ORS 711.180.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1) A dissenting stockholder making a demand under ORS 711.180 may withdraw the demand if: (a) The Oregon stock bank, Oregon trust company or its successor consents to the withdrawal; or (b) The dissenting stockholder pays the stockholder’s pro rata share of the appraisal costs and the Oregon stock bank’s or Oregon trust company’s reasonable costs and expenses, including attorney fees and costs. (2) When a dissenting stockholder withdraws the demand under subsection (1) of this section, the stockholder’s status as a stockholder shall be restored, without prejudice to any corporate proceedings taking place in the interim. [1997 c.631 §281; 2005 c.134 §11] (General Provisions)
This rule cites
- ORS 711.180 — resolved
Cited by
- ORS 709.535: Sale of assets or transfer of liabilities; approval by stockholders and director; appeal.
- ORS 709.540: Rights of stockholder of trust company party to merger, share exchange or acquisition.
- ORS 711.140: Approval of merger or share exchange involving Oregon stock bank by stockholders.
- ORS 711.170: Sale of assets and transfer of liabilities by Oregon bank; approval of director and board of directors; fee; appeal.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors711.html