GroundRules
ORS 711.415: Receiving deposits in excess of insurance while insolvent.
Where this section sits in the code
- 18 - Financial Institutions, Insurance
- 53. Financial Institutions
- Chapter 711 — Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency
A director, officer or employee of an Oregon stock bank shall not receive or permit to be received any deposit in excess of the insurance that the Oregon stock bank holds for its deposits under ORS 708A.405, if the director, officer or employee knows that the Oregon stock bank is insolvent.
Collected 2026-09-03T23:50:17Z. Source file · JSON