GroundRules
ORS 707.400: Suspension of payment of dividends.
Where this section sits in the code
- 18 - Financial Institutions, Insurance
- 53. Financial Institutions
- Chapter 707 — Organization to Conduct Banking Business; Stockholders, Directors and Officers
The Director of the Department of Consumer and Business Services may require any institution or Oregon stock savings bank to suspend the payment of any dividends if the director determines that the payment of dividends would result in the remaining stockholders’ equity of the institution or Oregon stock savings bank being inadequate for the safe and sound operation of the institution or Oregon stock savings bank.
Collected 2026-09-03T23:50:17Z. Source file · JSON