Oregon § 750.331 Prohibited activities for trustee or officer

Oregon Statutes

§ 750.331 — Prohibited activities for trustee or officer

Oregon § 750.331

Vol.18

Title 56Insurance

Ch. 750Health Care Service Contractors; Multiple Employer Welfare Arrangements;

This text of Oregon § 750.331 (Prohibited activities for trustee or officer) 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. § 750.331 (2026).

Text

In addition to limitations and restrictions imposed by the federal Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. 1001 et seq., on trustees or officers in their capacity as fiduciaries, a trustee or officer of a trust carrying out a multiple employer welfare arrangement shall not do any of the following:

(1)Receive directly or indirectly any payment for negotiating, procuring, recommending or aiding in:

(a)Any purchase by or sale to the trust; or

(b)Any loan from the trust.

(2)Be pecuniarily interested, as principal, coprincipal, agent or beneficiary, in a purchase, sale or loan described in subsection (1) of this section.

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In addition to limitations and restrictions imposed by the federal Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. 1001 et seq., on trustees or officers in their capacity as fiduciaries, a trustee or officer of a trust carrying out a multiple employer welfare arrangement shall not do any of the following:
(1) Receive directly or indirectly any payment for negotiating, procuring, recommending or aiding in:
(a) Any purchase by or sale to the trust; or
(b) Any loan from the trust.
(2) Be pecuniarily interested, as principal, coprincipal, agent or beneficiary, in a purchase, sale or loan described in subsection (1) of this section.