Oregon Statutes
§ 711.655 — Use of suspended deposits to pay indebtedness of depositor
Oregon § 711.655
JurisdictionOregon
Vol.18
Title 53Financial Institutions
Ch. 711Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency
This text of Oregon § 711.655 (Use of suspended deposits to pay indebtedness of depositor) 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. § 711.655 (2026).
Text
Nothing in ORS 711.620 to 711.670 prevents the assignment of a suspended deposit liability or the application of all or a part of a suspended deposit to payment at maturity of any indebtedness of the depositor to the Oregon stock bank that existed at the time the suspension became effective, but a deposit liability subsequently assigned may not be so applied.
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Related
§ 711.620
Oregon § 711.620
Legislative History
1973 c.797 §300; 1997 c.631 §260
Nearby Sections
15
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Bluebook (online)
Oregon § 711.655, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/711.655.