ORS § 415.405

Current through 2024 Regular Session legislation effective June 6, 2024

Section 415.405 - Priority of special deposit claims

The owners of special deposit claims against a coordinated care organization for which a receiver is appointed shall be given priority against their several special deposits in accordance with the provisions of the statutes governing the creation and maintenance of the deposits. If there is a deficiency in any deposit so that claims secured by the deposit are not fully discharged, the claimants may share in the general assets of the coordinated care organization after:

(1) The payment of claims of general creditors; and

(2) Claimants against other special deposits, who have received smaller percentages from their respective special deposits, have been paid percentages of their claims equal to the percentage paid from the special deposit.

ORS 415.405

2019 c. 478, § 46