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2015 Oregon Revised Statutes
Volume : 16 - Financial Institutions, Insurance
Chapter 709 - Regulation of Trust Business
Section 709.450 - Sale and disposition of securities to pay expenses, costs and claims.

OR Rev Stat § 709.450 (2015) What's This?

The court hearing the proceedings instituted by the Director of the Department of Consumer and Business Services under ORS 709.390 may, upon terms fixed by the court, order the director to sell and reduce to cash the deposited securities as necessary to pay:

(1) The unpaid charges and expenses described in ORS 709.440; and

(2) Claims established against the deposit.

[Amended by 1973 c.797 §215]

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