Oregon Code § 731.642·Enacted ·Last updated March 01, 2026
Statute Text
Contracts for security deposits.
The Director of the Department of Consumer and Business Services, in performing
duties under ORS 731.604 to 731.652 and after consultation with the State
Treasurer, may enter into contracts with banks qualified to act as trust
companies and as depositories of state funds to hold and service securities
deposited by insurers with the Department of Consumer and Business Services.
The insurers whose securities are held and serviced by the banks shall pay for
the cost of such contracts. [1969 c.143 §2; 1999 c.196 §7; 2001 c.104 §288]
Plain English Explanation
This Oregon statute addresses Contracts for security deposits. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 731.642
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Contracts for security deposits. Read the full statute text above for details.
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