Oregon Revised Statutes Chapter 711 § 711.405 — When
Oregon Revised Statutes Chapter 711 ·
Oregon Code § 711.405·Enacted ·Last updated March 01, 2026
Statute Text
When
institution deemed insolvent.
An institution is insolvent if any of the following occurs:
(1) The fair
market value of the institutions assets is insufficient to pay the institutions
liabilities, excluding any liability on account of capital debentures.
(2) An Oregon
stock bank fails to make good the Oregon stock banks reserve requirements
under applicable law for a period of 30 days.
(3) The
institution cannot meet the institutions obligations or demands upon the
institution as the obligations or demands become due. [Amended by 1973 c.797 §251;
1975 c.544 §35; 1997 c.631 §242; 2015 c.244 §83]
Plain English Explanation
This Oregon statute addresses When
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 711.405
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses When
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