Statutes, codes, and regulations
Oregon Revised Statutes
Title 53 - FINANCIAL INSTITUTIONSChapter 709 - REGULATION OF TRUST BUSINESS
ORGANIZATION
Section 709.130 - Indemnity bond when cash and securities of fiduciary account exceed stockholders' equity or members' equity in trust company

ORS § 709.130

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Current through 2024 Regular Session legislation
Section 709.130 - Indemnity bond when cash and securities of fiduciary account exceed stockholders' equity or members' equity in trust company

If the cash and securities that belong to any single fiduciary account exceed the amount of a trust company's stockholders' equity or members' equity, the court that appoints the trust company to the position of trust may require an indemnity bond from the trust company for the amount of cash and securities that exceeds the stockholders' equity or members' equity.

ORS 709.130

Amended by 2015 Ch. 244,§ 75, eff. 6/4/2015, op. 1/1/2016.
Amended by 1973 c.797 §191; 1999 c.59 §219