ORS § 716.420

Current through 2024 Regular Session legislation effective June 6, 2024

Section 716.420 - Permitted investments

An Oregon savings bank may invest the funds mentioned in ORS 716.410:

(1) In the obligations specified in ORS 708A.115(1), without limitation.

(2) Subject to a limitation of five percent of the assets of the Oregon savings bank, in the obligations specified in ORS 708A.115(2).

(3) In shares of any mutual fund or unit trust, the assets of which are invested solely in obligations described in and limited under ORS 708A.115.

ORS 716.420

Amended by 1959 c.185 §12; 1961 c.157 §1; 1963 c.407 §1; 1971 c.219 §2; 1973 c.797 §367; 1981 c.192 §26; 1985 c.786 §53; 1997 c.631 §347