Oregon Revised Statutes Chapter 711 § 711.470 — Subrogation rights of Federal Deposit Insurance Corporation
Oregon Revised Statutes Chapter 711 ·
Oregon Code § 711.470·Enacted ·Last updated March 01, 2026
Statute Text
Subrogation rights of Federal Deposit Insurance Corporation.
If any Oregon stock bank in which
the deposits are to any extent insured by the Federal Deposit Insurance
Corporation is closed for the purpose of liquidation without adequate provision
being made for the payment of its depositors and if the Federal Deposit
Insurance Corporation pays or makes available for payment the insured deposit
liabilities of the closed insured Oregon stock bank, the Federal Deposit
Insurance Corporation is subrogated to all rights against the closed insured
Oregon stock bank of the owners of deposits to the extent of any payments made
by the corporation to the depositors. [Amended by 1973 c.797 §260; 1997 c.631 §247]
Plain English Explanation
This Oregon statute addresses Subrogation rights of Federal Deposit Insurance Corporation. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 711.470
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Subrogation rights of Federal Deposit Insurance Corporation. Read the full statute text above for details.
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