ORS § 711.419

Current through 2024 Regular Session legislation effective June 6, 2024
Section 711.419 - Taking possession of Oregon stock bank by director

After an Oregon stock bank commits an act of insolvency or the insurance required for its deposits under ORS 708A.405 is canceled by the insurer, the Director of the Department of Consumer and Business Services may take possession of the property and affairs of the Oregon stock bank and proceed to liquidate it as provided for an insolvent Oregon stock bank under ORS 711.400 to 711.615.

ORS 711.419

1975 c.544 §34; 1985 c.786 §42; 1997 c.631 §244