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Oregon Revised Statutes Public Financial Administration § 294.047

Current as of January 01, 2023 | Updated by Findlaw Staff

Whenever the custodial officer is forced to liquidate investments made pursuant to ORS 294.035 and 294.040 to meet current cash demands and such liquidation results in a loss of invested principal because the securities were liquidated prior to maturity under market conditions unfavorable to such liquidation, the loss shall be charged against current or future investment earnings and the custodial officer shall not be personally liable to make good such loss.

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Cite this article: FindLaw.com - Oregon Revised Statutes Public Financial Administration § 294.047 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-28-public-financial-administration/or-rev-st-sect-294-047/

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