Or. Admin. Code § 150-316-0530

Current through Register Vol. 63, No. 11, November 1, 2024

Section 150-316-0530 - Pool of Assets that Qualify to Pay State Exempt-Interest Dividends

As used in ORS 316.683(1), a "pool of assets" means funds that are managed by financial institutions acting in a fiduciary capacity for the benefit of trust beneficiaries. Financial institutions shall include, but not be limited to banks, savings associations, or credit unions. The pool of assets need not be incorporated as a regulated investment company in order to pay state exempt-interest dividends to its beneficiaries.

Or. Admin. Code § 150-316-0530

RD 11-1988, f. 12-19-88, cert. ef. 12-31-88; Renumbered from 150-316.683(1), REV 64-2016, f. 8-15-16, cert. ef. 9/1/2016

Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 316.683