An escrow agent holding funds under ORS 94.873:
(1) May invest the escrowed funds in securities of the federal government or any agency thereof or in savings or time deposits in institutions insured by an agency of the federal government according to the terms of the agreement between the escrow agent and the developer.
(2) Shall maintain separate books and records for each timeshare plan in accordance with generally accepted accounting methods. [1983 c.530 §36]
Section: Previous 94.858 94.863 94.867 94.869 94.871 94.873 94.876 94.878 94.881 94.885 94.890 94.895 94.900 94.905 94.915 NextLast modified: August 7, 2008