2011 Oregon Revised Statutes
ORS Volume 16, Chapters 705 - 752
ORS Chapter 711
711.415 Receiving deposits in excess of insurance while insolvent.


OR Rev Stat § 711.415 (through Leg Sess 2011) What's This?

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. [Amended by 1973 c.797 253; 1985 c.786 41; 1997 c.631 243]

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