Oregon Statutes - Chapter 716 - Savings Banks - Section 716.540 - Investments in obligations of reconstruction and development banks.

A savings bank may invest not more than five percent of its assets in each of the following categories of investments:

(1) In obligations issued or guaranteed by the International Bank for Reconstruction and Development.

(2) In obligations issued or guaranteed by the Inter-American Development Bank.

(3) In obligations issued or guaranteed by the Asian Development Bank.

(4) In obligations issued or guaranteed by the African Development Bank. [1959 c.185 §2; 1973 c.797 §378; 1985 c.456 §1]

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Last modified: August 7, 2008