Statutes, codes, and regulations
Oregon Revised Statutes
Title 53 - FINANCIAL INSTITUTIONSChapter 711 - MERGER; CONVERSION; SHARE EXCHANGE; ACQUISITION; LIQUIDATION; INSOLVENCY
INSOLVENCY; LIQUIDATION BY DIRECTOR
Section 711.415 - Receiving deposits in excess of insurance while insolvent

ORS § 711.415

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Current through 2024 Regular Session legislation
Section 711.415 - Receiving deposits in excess of insurance while insolvent

A director, officer or employee of an Oregon stock bank shall not receive or permit to be received any deposit in excess of the insurance that the Oregon stock bank holds for its deposits under ORS 708A.405, if the director, officer or employee knows that the Oregon stock bank is insolvent.

ORS 711.415

Amended by 1973 c.797 §253; 1985 c.786 §41; 1997 c.631 §243