Oregon Code § 709.080·Enacted ·Last updated March 01, 2026
Statute Text
Charges for handling securities; collection procedure.
(1) The Director of the Department
of Consumer and Business Services may charge a reasonable amount for any
expenses incurred and services rendered in connection with deposits of
securities.
(2) If a trust
company does not, after due notice, pay to the director any charge assessed
against it under this section, the director may:
(a) Apply in
payment of the charges, with interest at the legal rate, as much as necessary
of the interest or other earnings accruing on any securities deposited with the
director; or
(b) Report the
facts to the Attorney General, who shall, in the name of the director,
institute appropriate action against the trust company. [Amended by 1973 c.797 §188;
1997 c.631 §208]
Plain English Explanation
This Oregon statute addresses Charges for handling securities; collection procedure. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 709.080
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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