There is a newer version of the Oregon Revised Statutes
2015 Oregon Revised Statutes
Volume : 16 - Financial Institutions, Insurance
Chapter 709 - Regulation of Trust Business
Section 709.060 - Primary liability of deposit.
OR Rev Stat § 709.060 (2015) What's This?
The deposit mentioned in ORS 709.030 is primarily liable for the malfeasance of a trust company as a fiduciary and is not liable for any debt or other obligation of the company until such malfeasance liability has been discharged.
[Amended by 1973 c.797 §186; 1997 c.631 §206]
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