Oregon Statutes - Chapter 709 - Regulation of Trust Business - Section 709.060 - Primary liability of deposit.

The deposit mentioned in ORS 709.030 is primarily liable for the malfeasance of a trust company as a fiduciary and is not liable for any debt or other obligation of the company until such malfeasance liability has been discharged. [Amended by 1973 c.797 §186; 1997 c.631 §206]

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Last modified: August 7, 2008