Oregon Revised Statutes Chapter 716 § 716.060 — Maintenance of guaranty fund or liquidation account
Oregon Revised Statutes Chapter 716 ·
Oregon Code § 716.060·Enacted ·Last updated March 01, 2026
Statute Text
Maintenance of guaranty fund or liquidation account.
(1) The guaranty fund or
liquidation account consists of payments in cash made by the incorporators and
of all sums credited to the guaranty fund as required by ORS 716.780 or federal
law.
(2) If a
financial institution that is converting to another type of financial
institution has a guaranty fund or liquidation account, the Oregon nonstock
bank that results from the conversion must maintain the guaranty fund or
liquidation account and may use the guaranty fund or liquidation account only
for the purposes for which the financial institution used the guaranty fund or
liquidation account before the conversion. [Amended by 1973 c.797 §352; 1997
c.631 §336; 2011 c.263 §22]
Plain English Explanation
This Oregon statute addresses Maintenance of guaranty fund or liquidation account. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 716.060
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Maintenance of guaranty fund or liquidation account. Read the full statute text above for details.
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The formal citation is Oregon Code § 716.060. Use this format in legal documents and court filings.
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