Oregon Revised Statutes Chapter 371 § 371.360 — Deposit of tax proceeds in bank
Oregon Revised Statutes Chapter 371 ·
Oregon Code § 371.360·Enacted ·Last updated March 01, 2026
Statute Text
Deposit of tax proceeds in bank.
(1) The proceeds of the tax levied and collected for the district shall be
deposited in a bank or banks designated by the district board of commissioners.
Such moneys shall be paid out only upon order of the board by checks or drafts
signed by the president and treasurer of the board. All deposits of any
district in any bank in excess of the amount protected by Federal Deposit
Insurance Corporation insurance shall be secured by deposit of bonds of the
United States.
(2) Any moneys on
deposit in a county treasury in a special fund of a road district on August 9,
1961, shall be paid to the district board of commissioners for deposit as
provided in subsection (1) of this section. [Amended by 1961 c.681 §13]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 371.360
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Deposit of tax proceeds in bank. Read the full statute text above for details.
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The formal citation is Oregon Code § 371.360. Use this format in legal documents and court filings.
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