Oregon Code § 716.590·Enacted ·Last updated March 01, 2026
Statute Text
Miscellaneous investments; conditions.
A savings bank may invest the funds mentioned in ORS 716.410 in investments
which do not qualify under any of the provisions of ORS 716.420 to 716.590,
however an investment shall not be made under this section:
(1) If the amount
of the investment exceeds one percent of the assets of the savings bank or 10
percent of the total amount of its guaranty fund, undivided profits and
unallocated reserves, whichever is less;
(2) If the
aggregate amount of all the investments exceeds or by the making of the
investment will exceed five percent of its assets; or
(3) In the equity
securities of any one issuer if the aggregate amount invested by the savings
bank under this section together with the amount invested in the equity
securities of the issuer under any other provision of law exceeds or by the
making of the investment will exceed the limitations under subsections (1) and
(2) of this section. [1973 c.797 §375c; 1981 c.192 §32]