Oregon Code § 711.445·Enacted ·Last updated March 01, 2026
Statute Text
Notice
of taking possession of institution; prohibition against liens subsequent to
insolvency.
(1)
Upon taking possession of the property and business of an institution, the
Director of the Department of Consumer and Business Services shall give written
notice of the fact to all persons holding or in possession of any assets of the
institution.
(2) A person
knowing that the director has taken possession of an institution shall not have
a lien or charge for any payment advanced or any clearance thereafter made, or
liability thereafter incurred, against any of the assets of the institution. [Amended
by 1973 c.797 §257]
Plain English Explanation
This Oregon statute addresses Notice
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 711.445
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Notice
. Read the full statute text above for details.
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The formal citation is Oregon Code § 711.445. Use this format in legal documents and court filings.
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