Oregon Revised Statutes Chapter 295 § 295.012 — State
Oregon Revised Statutes Chapter 295 ·
Oregon Code § 295.012·Enacted ·Last updated March 01, 2026
Statute Text
State
Treasurer rule setting maximum liability for qualified credit union
depositories.
For
any period of time during which fewer than 10 credit unions are qualified
depositories, the State Treasurer, notwithstanding ORS 295.001 (14), by rule
may set the maximum liability for a credit union that holds uninsured public
funds at 20 percent of the greater of:
(1) All uninsured
public funds deposits the credit union holds, as shown on the date of the
credit unions most recent treasurers report; or
(2) The average
of the balances of all uninsured public funds deposits the credit union holds,
as shown on the credit unions last two immediately preceding treasurer
reports. [2010 c.101 §13b; 2019 c.587 §7]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 295.012
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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. Read the full statute text above for details.
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