Oregon Code § 711.575·Enacted ·Last updated March 01, 2026
Statute Text
Dividends to depositors.
At any time after the expiration of the date fixed for the presentation of
claims under ORS 711.530 the Director of the Department of Consumer and
Business Services may, out of the funds remaining in the hands of the director
after the payment of expenses, declare one or more dividends. After the
expiration of one year from the first publication of notice to creditors the
director may declare a final dividend. The dividends shall be paid to the
persons, in the amounts and upon the notice as may be directed by the
supervising court. [Amended by 1973 c.797 §283]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 711.575
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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