Oregon § 716.590 Miscellaneous investments; conditions

Oregon Statutes

§ 716.590 — Miscellaneous investments; conditions

Oregon § 716.590

Vol.18

Title 53Financial Institutions

Ch. 716Savings Banks

This text of Oregon § 716.590 (Miscellaneous investments; conditions) 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. § 716.590 (2026).

Text

A savings bank may invest the funds mentioned in ORS 716.410 in investments which do not qualify under any of the provisions of ORS 716.420 to 716.590, however an investment shall not be made under this section:

(1)If the amount of the investment exceeds one percent of the assets of the savings bank or 10 percent of the total amount of its guaranty fund, undivided profits and unallocated reserves, whichever is less;

(2)If the aggregate amount of all the investments exceeds or by the making of the investment will exceed five percent of its assets; or

(3)In the equity securities of any one issuer if the aggregate amount invested by the savings bank under this section together with the amount invested in the equity securities of the issuer under any other provision of law exceeds or by the

Free access — add to your briefcase to read the full text and ask questions with AI

A savings bank may invest the funds mentioned in ORS 716.410 in investments which do not qualify under any of the provisions of ORS 716.420 to 716.590, however an investment shall not be made under this section:
(1) If the amount of the investment exceeds one percent of the assets of the savings bank or 10 percent of the total amount of its guaranty fund, undivided profits and unallocated reserves, whichever is less;
(2) If the aggregate amount of all the investments exceeds or by the making of the investment will exceed five percent of its assets; or
(3) In the equity securities of any one issuer if the aggregate amount invested by the savings bank under this section together with the amount invested in the equity securities of the issuer under any other provision of law exceeds or by the making of the investment will exceed the limitations under subsections (1) and (2) of this section.