Oregon Code § 367.650·Enacted ·Last updated March 01, 2026
Statute Text
Trust
indenture to secure bonds; provisions.
At the discretion of the State Treasurer, bonds issued under ORS 367.615 may be
secured by a trust indenture. A trust indenture established under this section
is subject to the following:
(1) The trust
indenture shall be by and between the state and a trustee.
(2) The trustee
may be any trust company or bank having the powers of a trust company whether
inside or outside the state.
(3) The trustee
may act as custodian as provided for by indenture under ORS 367.640.
(4) The trustee
must be jointly appointed by the director and the State Treasurer.
(5) The trustee
shall be vested with such powers and duties as provided for by indenture under
ORS 367.640. [1985 c.551 §9]
Plain English Explanation
This Oregon statute addresses Trust
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 367.650
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Trust
. Read the full statute text above for details.
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The formal citation is Oregon Code § 367.650. Use this format in legal documents and court filings.
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