(1) Whenever a court is required to hold funds in trust for the benefit of any party, all such funds shall be deposited with the State Treasurer in an account separate and distinct from the General Fund. Interest on such funds shall be credited to the General Fund.
(2) Notwithstanding subsection (1) of this section, if the amount in trust is $10,000 or more, upon motion of a party, the court may order that the amount deposited with the State Treasurer be placed in an interest bearing account and that the interest be credited or paid to a party or parties, as the court deems appropriate. [1987 c.117 §1; 1989 c.966 §20]
Note: 293.293 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 293 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
APPROVING AND PAYING CLAIMS
(Approval)
Section: Previous 293.265 293.270 293.275 293.280 293.285 293.290 293.292 293.293 293.295 293.300 293.305 293.306 293.310 293.311 293.315 NextLast modified: August 7, 2008