Oregon Revised Statutes Chapter 709 § 709.120 — Substitution of deposit securities; income of securities deposited
Oregon Revised Statutes Chapter 709 ·
Oregon Code § 709.120·Enacted ·Last updated March 01, 2026
Statute Text
Substitution of deposit securities; income of securities deposited.
(1) The Director of the Department
of Consumer and Business Services may require the immediate substitution of
other securities when the director has reason to believe that the market value
of securities which have been deposited under ORS 709.030 have depreciated
below the amount required under ORS 709.030. Substitution of securities with
the director at the request of the depositing trust company may be permitted if
approved by the director.
(2) All interest,
income or dividends from all securities deposited with the director belong to
the depositing trust company, and if the trust company is solvent, it may
receive and retain the interest, income or dividends. [Amended by 1973 c.797 §190;
1997 c.631 §209]
Plain English Explanation
This Oregon statute addresses Substitution of deposit securities; income of securities deposited. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 709.120
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Substitution of deposit securities; income of securities deposited. Read the full statute text above for details.
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The formal citation is Oregon Code § 709.120. Use this format in legal documents and court filings.
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