ORS 711.670: Compliance with ORS 711.620 to 711.670 as defense to depositor’s action.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
Compliance with the terms and conditions of ORS 711.620 to 711.670 and orders and rules promulgated as a result of ORS 711.620 to 711.670 is a complete defense to any suit or action brought by any depositor or creditor against an Oregon stock bank with respect to any deposit or contract liability. [1973 c.797 §303; 1997 c.631 §263] PENALTIES
This rule cites
- ORS 711.620 — resolved
- 711.670 — resolved
Cited by
- ORS 711.620: Suspending or restricting payment of liabilities; duration.
- ORS 711.625: Taking possession of Oregon stock bank by director; powers of director; expenses.
- ORS 711.655: Use of suspended deposits to pay indebtedness of depositor.
- ORS 711.665: Suspension or restriction of liability payment not evidence of insolvency.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors711.html