{"data":{"id":"us-or/ors-711.520","jurisdiction":"us-or","citation":"ORS 711.520","heading":"Priority of claimants against assets of Oregon stock bank that is insolvent or in liquidation.","body":"If an Oregon stock bank becomes insolvent or goes into voluntary or involuntary liquidation, the assets of the Oregon stock bank must be applied in the following order of priority:\n      (1) First, if collateral has been pledged under ORS 295.015 and assets have been pledged under ORS 709.030, to the benefit of those for whom the collateral and assets have been pledged;\n      (2) Second, to pay the expenses of liquidation;\n      (3) Third, to satisfy the amount due the depositors; and\n      (4) Fourth, to satisfy the amount due sellers of federal funds.","path":["18 - Financial Institutions, Insurance","53. Financial Institutions","Chapter 711 — Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors711.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"99775efc2ca4bef68268c8960f417304042dafa3c67bb7647d050d97fc49b5ff","source_id":"us-or","stale":false,"prev":"us-or/ors-711.515","next":"us-or/ors-711.525"},"notice":"GroundRules: Original legal text. Not legal advice."}