Termination of right to do trust business
The filing by the Director of the Department of Consumer and Business Services of the petition provided for in ORS 709.390 (Discontinuance of trust business) terminates the right of the trust company affected thereby to do a trust business in this state, except as may be necessary to wind up then existing trusts. [Amended by 1973 c.797 §211; 1997 c.631 §223]
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