Oregon Revised Statutes Chapter 734 § 734.180 — Order
Oregon Revised Statutes Chapter 734 ·
Oregon Code § 734.180·Enacted ·Last updated March 01, 2026
Statute Text
Order
of liquidation of domestic insurers.
(1) An order to liquidate the business of a domestic insurer shall direct the
Director of the Department of Consumer and Business Services forthwith to take
possession of the property of the insurer, to liquidate its business, to deal
with the insurers property and business in the name of the director or in the
name of the insurer as the court may direct, and to give notice to all
creditors who may have claims against the insurer to present such claims.
(2) The director
may apply under this chapter for an order dissolving the corporate existence of
a domestic insurer:
(a) Upon the
application of the director for an order of liquidation of such insurer, or at
any time after such order has been granted; or
(b) Upon the
grounds specified in ORS 734.170 (3), regardless of whether an order of
liquidation is sought or has been obtained. [Formerly 738.470]
Plain English Explanation
This Oregon statute addresses Order
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 734.180
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Order
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The formal citation is Oregon Code § 734.180. Use this format in legal documents and court filings.
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