Oregon § 716.554 Participation in investments in notes or bonds secured by real estate mortgages or trust deeds

Oregon Statutes

§ 716.554 — Participation in investments in notes or bonds secured by real estate mortgages or trust deeds

Oregon § 716.554

Vol.18

Title 53Financial Institutions

Ch. 716Savings Banks

This text of Oregon § 716.554 (Participation in investments in notes or bonds secured by real estate mortgages or trust deeds) 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. § 716.554 (2026).

Text

(1)In participation with other mortgagees, a savings bank may invest the funds mentioned in ORS 716.410 in notes or bonds secured by mortgage or deed of trust upon real estate.

(2)An agreement setting forth the manner in which the participating mortgagees shall administer the mortgage and acquired real estate, if any, shall be executed on behalf of each of the mortgagees by two of their authorized officers.

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(1) In participation with other mortgagees, a savings bank may invest the funds mentioned in ORS 716.410 in notes or bonds secured by mortgage or deed of trust upon real estate.
(2) An agreement setting forth the manner in which the participating mortgagees shall administer the mortgage and acquired real estate, if any, shall be executed on behalf of each of the mortgagees by two of their authorized officers.