Oregon Statutes - Chapter 722 - Savings Associations - Section 722.214 - Acting as trustee or custodian under Employee Retirement Income Security Act of 1974.

A savings association may act as trustee or custodian within the contemplation of subsections (d) and (f) of section 401 and subsection (a) of section 408 of the Internal Revenue Code of 1954, as amended; however, an association shall not have the power to invest assets received as such a trustee or custodian other than in savings accounts of the association unless it complies with ORS 722.212. [1975 c.582 §82]

Section:  Previous  722.204  722.205  722.206  722.208  722.210  722.211  722.212  722.214  722.215  722.220  722.225  722.230  722.235  722.240  722.245  Next

Last modified: August 7, 2008