Oregon Statutes 415.405 – Priority of special deposit claims
The owners of special deposit claims against a coordinated care organization for which a receiver is appointed shall be given priority against their several special deposits in accordance with the provisions of the statutes governing the creation and maintenance of the deposits. If there is a deficiency in any deposit so that claims secured by the deposit are not fully discharged, the claimants may share in the general assets of the coordinated care organization after:
Terms Used In Oregon Statutes 415.405
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(1) The payment of claims of general creditors; and
(2) Claimants against other special deposits, who have received smaller percentages from their respective special deposits, have been paid percentages of their claims equal to the percentage paid from the special deposit. [2019 c.478 § 46]