STANDARD INS. CO. v. OLIN

CA A36644 (Control); CA A36645; CA A36734.

725 P.2d 934 (1986)

81 Or. App. 405

In the Matter of the Exchange of Series A Junior Preferred Stock of Banore Bancshares, Inc., for the Preferred Stock and Subordinated Capital Notes of Bank of Oregon in Connection with a Plan of Reorganization. STANDARD INSURANCE COMPANY, an Oregon corporation, Petitioner, v. John B. OLIN, Oregon Superintendent of Banks, Banore Bancshares, Inc., and Bank of Oregon, Respondents. In the Matter of the Exchange of Series A Junior Preferred Stock of Banore Bancshares, Inc., for the Preferred Stock and Subordinated Capital Notes of Bank of Oregon in Connection with a Plan of Reorganization. STANDARD INSURANCE COMPANY, an Oregon corporation, Petitioner, v. Jane EDWARDS, Oregon Corporation Commissioner, Banore Bancshares, Inc., and Bank of Oregon, Respondents. In the Matter of the Request for Approval of the Agreement and Plan of Reorganization of the Bank of Oregon. Ajmer SINGH and Verna M. Singh, Petitioners, v. John B. OLIN, Oregon Superintendent of Banks, Banore Bancshares, Inc., and Bank of Oregon, Respondents. In the Matter of the Exchange of Series A Junior Preferred Stock of Banore Bancshares, Inc., for the Preferred Stock and Subordinated Capital Notes of Bank of Oregon in Connection with a Plan of Reorganization. Ajmer SINGH and Verna M. Singh, Petitioners, v. Jane EDWARDS, Oregon Corporation Commissioner, Banore Bancshares, Inc., and Bank of Oregon, Respondents.

Court of Appeals of Oregon.

Decided September 24, 1986.

Reconsideration Denied November 21, 1986.


Attorney(s) appearing for the Case

Don G. Carter, Portland, argued the cause for petitioner Standard Ins. Co. With him on the briefs were Jay D. Hull, and McEwen, Gisvold, Rankin & Stewart, Portland.

Ajmer Singh and Verna M. Singh, Independence, filed the briefs pro se for petitioners Singh.

John R. Faust, Jr., Portland, argued the cause for respondents BanOre Bancshares, Inc. and Bank of Oregon. With him on the brief was Schwabe, Williamson, Wyatt, Moore & Roberts, Portland.

Christine L. Dickey, Asst. Atty. Gen., Salem, argued the cause for respondents John B. Olin and Jane Edwards. With her on the brief were Dave Frohnmayer, Atty. Gen., and James E. Mountain, Jr., Sol. Gen., Salem.

Before WARDEN, P.J., and WARREN and ROSSMAN, JJ.


WARREN, Judge.

Petitioners Standard Insurance Company (Standard) and Ajmer and Verna Singh (the Singhs) seek review, in consolidated cases, of two separate orders. One was issued by the Deputy Superintendent of Banks1 (Deputy Superintendent) and the other by the Oregon Corporation Commissioner2 (Commissioner). They both concern a proposed reorganization and exchange of securities by the Bank of Oregon (the...

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