Oregon Statutes - Chapter 708A - Regulation of Institutions Generally - Section 708A.580 - Capital-strengthening corporations.

(1) The aggregate amount of stock of a corporation acquired under ORS 708A.125 for the purpose of strengthening the institutionís capital or eliminating undesirable assets shall not be carried on the books in excess of 20 percent of the institutionís 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  Next

Last modified: August 7, 2008