Oregon Revised Statutes Chapter 706 § 706.560 — Appraisal of securities and audit
Oregon Revised Statutes Chapter 706 ·
Oregon Code § 706.560·Enacted ·Last updated March 01, 2026
Statute Text
Appraisal of securities and audit.
(1) When a banking institution or a non-Oregon institution has been examined by
an examiner and the examiner finds securities that are of doubtful value, the
examiner shall report the same to the Director of the Department of Consumer
and Business Services, who may, at the expense of the banking institution or
non-Oregon institution, investigate and appraise the securities.
(2) The director
may, in the discretion of the director or whenever requested to do so by a
banking institution or non-Oregon institution, make an audit of the affairs of
the banking institution or non-Oregon institution. The Department of Consumer
and Business Services shall be reimbursed by the banking institution or
non-Oregon institution for all costs incurred by the department in conducting
the audit. [Amended by 1973 c.797 §29; 1997 c.631 §7]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 706.560
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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