Oregon Revised Statutes Chapter 716 § 716.554 — Participation in investments in notes or bonds secured by real estate mortgages
Oregon Revised Statutes Chapter 716 ·
Oregon Code § 716.554·Enacted ·Last updated March 01, 2026
Statute Text
Participation in investments in notes or bonds secured by real estate mortgages
or trust deeds.
(1) In participation with other mortgagees, a savings bank may invest the funds
mentioned in ORS 716.410 in notes or bonds secured by mortgage or deed of trust
upon real estate.
(2) An agreement
setting forth the manner in which the participating mortgagees shall administer
the mortgage and acquired real estate, if any, shall be executed on behalf of
each of the mortgagees by two of their authorized officers. [1973 c.797 §371a;
1977 c.135 §36; 1985 c.554 §6]
Plain English Explanation
This Oregon statute addresses Participation in investments in notes or bonds secured by real estate mortgages
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 716.554
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Participation in investments in notes or bonds secured by real estate mortgages
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 716.554. Use this format in legal documents and court filings.
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