ORS 711.655: Use of suspended deposits to pay indebtedness of depositor.
Where this section sits in the code
- 18 - Financial Institutions, Insurance
- 53. Financial Institutions
- Chapter 711 — Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency
Nothing in ORS 711.620 to 711.670 prevents the assignment of a suspended deposit liability or the application of all or a part of a suspended deposit to payment at maturity of any indebtedness of the depositor to the Oregon stock bank that existed at the time the suspension became effective, but a deposit liability subsequently assigned may not be so applied.
Collected 2026-09-03T23:50:17Z. Source file · JSON