ORS 709.130: Indemnity bond when cash and securities of fiduciary account exceed stockholders’ equity or members’ equity in trust company.
Where this section sits in the code
- 18 - Financial Institutions, Insurance
- 53. Financial Institutions
- Chapter 709 — Regulation of Trust Business
If the cash and securities that belong to any single fiduciary account exceed the amount of a trust company’s stockholders’ equity or members’ equity, the court that appoints the trust company to the position of trust may require an indemnity bond from the trust company for the amount of cash and securities that exceeds the stockholders’ equity or members’ equity.
Collected 2026-09-03T23:50:17Z. Source file · JSON