ORS § 708A.670

Current through 2024 Regular Session legislation effective April 17, 2024
Section 708A.670 - Definitions for ORS 708A.670 and 708A.675

As used in this section and ORS 708A.675:

(1) "Financial exploitation" has the meaning given that term in ORS 124.050.
(2) "Financial institution" means a financial institution or a trust company as those terms are defined in ORS 706.008.
(3) "Law enforcement agency" has the meaning given that term in ORS 124.050.
(4) "Vulnerable person" has the meaning given that term in ORS 124.100.
(5) "Vulnerable person's account" means a contract of deposit of funds between a depositor and a financial institution where:
(a) The account is owned by a vulnerable person, whether individually or with one or more other persons; or
(b) A vulnerable person is a beneficiary of the account, including of a formal or informal trust account, a payable on death account, a conservatorship account or a guardianship account.

ORS 708A.670

2017 c. 290, § 1

708A.670 to 708A.680 were enacted into law by the Legislative Assembly but were not added to or made a part of the Bank Act or any chapter or series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.