2017 ORS 708A.125¹
Stock in corporations acquired to strengthen capital or eliminate undesirable assets

(1) An institution may carry fully paid and nonassessable capital stock of or membership interest in any other corporation or limited liability company as an asset, if:

(a) The institution’s board of directors applies in writing to the Director of the Department of Consumer and Business Services;

(b) The director approves the application in writing;

(c) The institution obeys any limitations the director specifies in the director’s approval; and

(d) The institution acquires the stock or membership interest for the purpose of strengthening the institution’s capital structure or eliminating undesirable assets.

(2) The institution may hold the stock or membership interest as long as the director may determine, but in no event longer than 15 years.

(3) This section does not apply to any stock or membership interest that an institution may acquire in connection with insuring deposits, under ORS 708A.120 (Investment in stock of other entity), or in a purchase as a part of any transaction in which an institution borrows from the United States or an agency of the United States. This section does not repeal or in any way limit or modify ORS 711.470 (Subrogation rights of Federal Deposit Insurance Corporation). [1997 c.631 §120; 2015 c.244 §35]

1 Legislative Counsel Committee, CHAPTER 708A—Regulation of Institutions Generally, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors708A.­html (2017) (last ac­cessed Mar. 30, 2018).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.