Oregon Code § 716.441·Enacted ·Last updated March 01, 2026
Statute Text
Investments in equipment trust certificates.
(1) A savings bank may invest the funds mentioned in
ORS 716.410 in equipment trust certificates that are, at the time of purchase,
rated in one of the three highest grades by a recognized investment service
organization that has been engaged regularly and continuously for a period of
not less than 10 years in rating bonds.
(2) Not more than
15 percent of the assets of a savings bank may be invested under this section
and not more than three percent of its assets may be invested in any one
corporation. [1959 c.185 §11 (enacted in lieu of 716.440); 1973 c.797 §368]
Plain English Explanation
This Oregon statute addresses Investments in equipment trust certificates. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 716.441
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Investments in equipment trust certificates. Read the full statute text above for details.
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