Oregon Statutes - Chapter 709 - Regulation of Trust Business - Section 709.130 - Indemnity bond when cash and securities of one trust exceed stockholders’ equity of trust company.

If the cash and securities belonging to any single fiduciary account exceed the amount of the trust company’s stockholders’ equity, the court appointing the trust company to the position of trust may require an indemnity bond from the trust company for the amount of cash and securities exceeding stockholders’ equity. [Amended by 1973 c.797 §191; 1999 c.59 §219]

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Last modified: August 7, 2008