ORS § 711.655

Current through 2024 Regular Session legislation
Section 711.655 - Use of suspended deposits to pay indebtedness of depositor

Nothing in ORS 711.620 to 711.670 prevents the assignment of a suspended deposit liability or the application of all or a part of a suspended deposit to payment at maturity of any indebtedness of the depositor to the Oregon stock bank that existed at the time the suspension became effective, but a deposit liability subsequently assigned may not be so applied.

ORS 711.655

1973 c.797 §300; 1997 c.631 §260