OAR 441-505-2010: Dividend Excess of Retained Earnings

Edition: Current OARD snapshotEffective: 2020-11-23Last verified: 2026-09-07

An institution may not pay dividends in an amount that exceeds the institution’s retained earnings except with the prior written approval of the director of the Department of Consumer and Business Services.

Official history and status

Statutory/Other Authority: ORS 706.795

Statutes/Other Implemented: ORS 707.410 & 707.415

History: FSR 23-2020, adopt filed 11/23/2020, effective 11/23/2020 FSR 21-2020, temporary adopt filed 06/18/2020, effective 06/18/2020 through 12/14/2020

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Official source: https://secure.sos.state.or.us/oard/