Oregon Statutes
§ 711.405 — When institution deemed insolvent
Oregon § 711.405
JurisdictionOregon
Vol.18
Title 53Financial Institutions
Ch. 711Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency
This text of Oregon § 711.405 (When institution deemed insolvent) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Or. Rev. Stat. § 711.405 (2026).
Text
An institution is insolvent if any of the following occurs:
(1)The fair market value of the institution’s assets is insufficient to pay the institution’s liabilities, excluding any liability on account of capital debentures.
(2)An Oregon stock bank fails to make good the Oregon stock bank’s reserve requirements under applicable law for a period of 30 days.
(3)The institution cannot meet the institution’s obligations or demands upon the institution as the obligations or demands become due.
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Legislative History
Amended by 1973 c.797 §251; 1975 c.544 §35; 1997 c.631 §242; 2015 c.244 §83
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Oregon § 711.405, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/711.405.