Or. Admin. R. 441-505-2010

Current through Register Vol. 63, No. 9, September 1, 2024

Section 441-505-2010 - Dividend Excess of Retained Earnings

An institution may not pay dividends in an amount that exceeds the institution's retained earnings except with the prior written approval of the director of the Department of Consumer and Business Services.

FSR 21-2020, temporary adopt filed 06/18/2020, effective 06/18/2020 through 12/14/2020; FSR 23-2020, adopt filed 11/23/2020, effective 11/23/2020

Statutory/Other Authority: ORS 706.795

Statutes/Other Implemented: ORS 707.410 & 707.415