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Oregon Revised Statutes Financial Institutions § 711.419

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

After an Oregon stock bank commits an act of insolvency or the insurance required for its deposits under ORS 708A.405 is canceled by the insurer, the Director of the Department of Consumer and Business Services may take possession of the property and affairs of the Oregon stock bank and proceed to liquidate it as provided for an insolvent Oregon stock bank under ORS 711.400 to 711.615.

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Cite this article: FindLaw.com - Oregon Revised Statutes Financial Institutions § 711.419 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-53-financial-institutions/or-rev-st-sect-711-419/

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