Oregon Revised Statutes Chapter 716 § 716.626 — Certificates indicating contribution to guaranty or expense funds
Oregon Revised Statutes Chapter 716 ·
Oregon Code § 716.626·Enacted ·Last updated March 01, 2026
Statute Text
Certificates indicating contribution to guaranty or expense funds.
(1) An Oregon nonstock bank may
issue transferable certificates showing the amounts contributed by any
incorporator or director to the guaranty or expense funds of the Oregon
nonstock bank.
(2) The
certificate shall show that it does not constitute a liability of the Oregon
nonstock bank, except as provided in ORS 716.800.
(3) A certificate
shall not be transferred by an incorporator or director without the prior
written consent of the Director of the Department of Consumer and Business
Services. [1973 c.797 §381; 1997 c.631 §351]
Plain English Explanation
This Oregon statute addresses Certificates indicating contribution to guaranty or expense funds. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 716.626
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Certificates indicating contribution to guaranty or expense funds. 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 § 716.626. Use this format in legal documents and court filings.
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