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Oregon Revised Statutes Financial Institutions § 711.405

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

An institution is insolvent if any of the following occurs:

(1) The fair market value of the institution's assets is insufficient to pay the institution's liabilities, excluding any liability on account of capital debentures.

(2) An Oregon stock bank fails to make good the Oregon stock bank's reserve requirements under applicable law for a period of 30 days.

(3) The institution cannot meet the institution's obligations or demands upon the institution as the obligations or demands become due.

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Cite this article: FindLaw.com - Oregon Revised Statutes Financial Institutions § 711.405 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-53-financial-institutions/or-rev-st-sect-711-405/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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