Statutes, codes, and regulations
Oregon Revised Statutes
Title 53 - FINANCIAL INSTITUTIONSChapter 711 - MERGER; CONVERSION; SHARE EXCHANGE; ACQUISITION; LIQUIDATION; INSOLVENCY
INSOLVENCY; LIQUIDATION BY DIRECTOR
Section 711.410 - Transfer of assets after commission of act of insolvency or in contemplation of insolvency; exceptions

ORS § 711.410

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Current through 2024 Regular Session legislation effective June 6, 2024
Section 711.410 - Transfer of assets after commission of act of insolvency or in contemplation of insolvency; exceptions

Except for transfers of public funds or collateral that a qualified depository, as defined in ORS 295.001, or the State Treasurer must make under ORS 295.001 to 295.108, transfers of assets made after the commission of an act of insolvency or in contemplation of insolvency to prevent the application of the assets in the manner prescribed by the Bank Act or to the preference of one creditor to another are void.

ORS 711.410

Amended by 2019 Ch. 587,§ 49, eff. 1/1/2020.
Amended by 1973 c.797 §252; 2007 c. 871, § 32