Oregon Code § 716.905·Enacted ·Last updated March 01, 2026
Statute Text
Notice
of intention to close; disposition of unclaimed deposits.
(1) Upon approval of a plan under
ORS 716.900, the directors shall mail written notice of their intention to
close the Oregon nonstock bank to the last-known address of all depositors and
other creditors.
(2) All deposits
and amounts reserved for creditors that remain unclaimed after six months from
the date of the written notice required under subsection (1) of this section
shall be reported and transferred by the directors to the State Treasurer as
unclaimed property under ORS 98.352.
(3) A copy of the
report of unclaimed deposits and amounts reserved for creditors filed with the
State Treasurer shall be filed with the Director of the Department of Consumer
and Business Services. [1973 c.797 §395; 1983 c.37 §31; 1993 c.694 §38; 1997
c.631 §361; 2019 c.678 §75; 2021 c.424 §23]
Plain English Explanation
This Oregon statute addresses Notice
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 716.905
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Notice
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The formal citation is Oregon Code § 716.905. Use this format in legal documents and court filings.
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