There is a newer version of the Oregon Revised Statutes
2011 Oregon Revised Statutes
ORS Volume 16, Chapters 705 - 752
ORS Chapter 732
732.165 Liability of directors and incorporators.
OR Rev Stat § 732.165 (through Leg Sess 2011) What's This?
The directors, incorporators, and organizers of any insurer organized under the Insurance Code and those entitled to participation in the profits of such insurer shall be jointly and severally liable for all debts or liabilities of such insurer until it has received a certificate of authority. [1967 c.359 162]
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