Oregon Code § 711.419·Enacted ·Last updated March 01, 2026
Statute Text
Taking
possession of Oregon stock bank by director.
After an Oregon stock bank commits an act of
insolvency or the insurance required for its deposits under ORS 708A.405 is
canceled by the insurer, the Director of the Department of Consumer and
Business Services may take possession of the property and affairs of the Oregon
stock bank and proceed to liquidate it as provided for an insolvent Oregon
stock bank under ORS 711.400 to 711.615. [1975 c.544 §34; 1985 c.786 §42; 1997
c.631 §244]
Plain English Explanation
This Oregon statute addresses Taking
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 711.419
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Taking
. Read the full statute text above for details.
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The formal citation is Oregon Code § 711.419. Use this format in legal documents and court filings.
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