Oregon Revised Statutes Chapter 716 § 716.055 — Creation of guaranty and expense funds
Oregon Revised Statutes Chapter 716 ·
Oregon Code § 716.055·Enacted ·Last updated March 01, 2026
Statute Text
Creation of guaranty and expense funds.
Before an Oregon nonstock bank may conduct its
business, its incorporators shall create:
(1) A guaranty
fund, as provided in ORS 716.060, for the protection of its depositors against
loss on its investments, and
(2) An expense
fund, as provided in ORS 716.070, to pay the expense of organizing the Oregon
nonstock bank and the operating expenses. [1973 c.797 §351; 1997 c.631 §335]
Plain English Explanation
This Oregon statute addresses Creation of guaranty and expense funds. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 716.055
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Creation of guaranty and expense funds. Read the full statute text above for details.
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