(1) The aggregate amount of stock of a corporation acquired under ORS 708A.125 for the purpose of strengthening the institution’s capital or eliminating undesirable assets shall not be carried on the books in excess of 20 percent of the institution’s capital.
(2) The book value of the stock shall be amortized by not less than five percent of its original book value each year. [1997 c.631 §191]
Section: Previous 708A.515 708A.535 708A.555 708A.560 708A.565 708A.570 708A.575 708A.580 708A.585 708A.590 708A.595 708A.600 708A.605 708A.630 708A.635 NextLast modified: August 7, 2008