Statutes, codes, and regulations
Oregon Revised Statutes
Title 53 - FINANCIAL INSTITUTIONSChapter 711 - MERGER; CONVERSION; SHARE EXCHANGE; ACQUISITION; LIQUIDATION; INSOLVENCY
INSOLVENCY; LIQUIDATION BY DIRECTOR
Section 711.665 - Suspension or restriction of liability payment not evidence of insolvency

ORS § 711.665

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Current through 2024 Regular Session legislation effective June 6, 2024
Section 711.665 - Suspension or restriction of liability payment not evidence of insolvency

An order of the Director of the Department of Consumer and Business Services under ORS 711.620 to 711.670 or the taking possession of the assets and properties of an Oregon stock bank by the director under ORS 711.620 to 711.670 is not an act of insolvency of the Oregon stock bank and does not raise any presumption of insolvency.

ORS 711.665

1973 c.797 §302; 1997 c.631 §262