(1) A licensee may resign from licensure by the bar pursuant to rules adopted by the board under ORS 9.542. After acceptance of the resignation by the Supreme Court, the licensee shall not be entitled to the rights nor subject to the disabilities or prohibitions incident to licensure, except that the licensee is still subject to the power of the court in respect to matters arising prior to the resignation.
(2) A licensee who has resigned may be readmitted to practice only in compliance with rules adopted pursuant to ORS 9.542.