Oregon Statutes - Chapter 295 - Depositories of Public Funds and Securities - Section 295.022 - Collateral not required for deferred compensation funds.

Notwithstanding any other provision of this chapter, when a bank, mutual savings bank or savings and loan association receives moneys of the Deferred Compensation Fund established under ORS 243.411 from the state for deposit or investment, the institution shall not have to maintain the collateral required under this chapter for those deferred compensation moneys. [1977 c.721 §15; 1997 c.179 §27]

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Last modified: August 7, 2008