Oregon Revised Statutes Chapter 294 § 294.047 — Loss
Oregon Revised Statutes Chapter 294 ·
Oregon Code § 294.047·Enacted ·Last updated March 01, 2026
Statute Text
Loss
of principal on liquidation of investments.
Whenever the custodial officer is forced to liquidate
investments made pursuant to ORS 294.035 and 294.040 to meet current cash
demands and such liquidation results in a loss of invested principal because
the securities were liquidated prior to maturity under market conditions
unfavorable to such liquidation, the loss shall be charged against current or
future investment earnings and the custodial officer shall not be personally
liable to make good such loss. [1959 c.612 §1; 1963 c.465 §1; 1975 c.359 §5]
Plain English Explanation
This Oregon statute addresses Loss
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 294.047
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Loss
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