Oregon Code § 716.545·Enacted ·Last updated March 01, 2026
Statute Text
Investments
in bonds of Dominion of Canada.
A savings bank may invest the funds mentioned in ORS 716.410 in bonds issued by
the Dominion of Canada for which the faith of the Dominion of Canada is
pledged, or bonds issued or guaranteed by a province of the Dominion of Canada.
Such investments may be made only if:
(1) The interest
and principal of such bonds is payable in the United States, or with exchange
to a city in the United States, in lawful money of the United States or its
equivalent; and
(2) The bonds at
the time of purchase pursuant to the authority of this section are rated in one
of the four highest grades by a rating organization recognized in the United
States that has been regularly engaged for a period of 10 years or more in
rating or grading bonds. [1959 c.185 §3; 1977 c.135 §35]
Plain English Explanation
This Oregon statute addresses Investments
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 716.545
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Investments
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