Oregon Statutes - Chapter 709 - Regulation of Trust Business - Section 709.290 - Closing of trust unduly delayed.

If, as a result of an examination, the Director of the Department of Consumer and Business Services finds that the closing of any trust by a trust company has been unreasonably delayed, the director may initiate proceedings in a court of competent jurisdiction to require the trust company to perform its duties in closing the trust. [Amended by 1973 c.797 §204]

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Last modified: August 7, 2008