Oregon Statutes 707.268 – Restrictions on redemption of shares
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No redemption or purchase of shares shall be made by an institution or Oregon stock savings bank when it is insolvent or when such redemption or purchase would render it insolvent, or which would reduce the net assets below the aggregate amount payable to the shareholders with prior or equal rights to the assets of the institution or Oregon stock savings bank upon involuntary dissolution. [1989 c.324 § 33; 1997 c.631 § 70]
Terms Used In Oregon Statutes 707.268
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.