ORS 711.415: Receiving deposits in excess of insurance while insolvent.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
A director, officer or employee of an Oregon stock bank shall not receive or permit to be received any deposit in excess of the insurance that the Oregon stock bank holds for its deposits under ORS 708A.405, if the director, officer or employee knows that the Oregon stock bank is insolvent. [Amended by 1973 c.797 §253; 1985 c.786 §41; 1997 c.631 §243]
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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors711.html