There is a newer version of the Oregon Revised Statutes
2015 Oregon Revised Statutes
Volume : 07 - Public Facilities, Finance
Chapter 295 - Depositories of Public Funds and Securities
Section 295.022 - Collateral not required for deferred compensation funds.
OR Rev Stat § 295.022 (2015) What's This?
Notwithstanding any other provision of this chapter, when a bank, mutual savings bank or savings and loan association receives moneys of the Deferred Compensation Fund established under ORS 243.411 from the state for deposit or investment, the institution shall not have to maintain the collateral required under this chapter for those deferred compensation moneys.
[1977 c.721 §15; 1997 c.179 §27]
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