Oregon Revised Statutes Chapter 295 § 295.007 — Conditions for acting as custodian; rules
Oregon Revised Statutes Chapter 295 ·
Oregon Code § 295.007·Enacted ·Last updated March 01, 2026
Statute Text
Conditions for acting as custodian; rules.
(1) A financial institution or a Federal Home Loan
Bank may be a custodian for securities pledged by a qualified depository if it:
(a) Is approved
by the State Treasurer;
(b) Enters into a
pledge agreement; and
(c) Except as
provided in subsection (3) of this section, certifies in writing to the State
Treasurer that it will furnish the reports required under ORS 714.075 to the
Director of the Department of Consumer and Business Services.
(2) The State
Treasurer may adopt rules setting forth additional requirements the State
Treasurer determines must be met for a depository to be approved as a custodian
under this section.
(3) A Federal
Home Loan Bank may serve as a custodian without meeting the requirements of
subsection (1)(c) this section. [2019 c.587 §8]
Plain English Explanation
This Oregon statute addresses Conditions for acting as custodian; rules. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 295.007
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Conditions for acting as custodian; rules. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 295.007. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.