Chapter 709 - Regulation of Trust Business

Chapter 709 - Regulation of Trust Business

Section 709.005 - Certificate of authority to transact trust business; application; contents; fee; exceptions.
Section 709.015 - Organization as limited liability company.
Section 709.030 - Approval to transact trust business; exceptions; deposit of cash, securities, letter of credit or surety bond with director; amount.
Section 709.040 - Securities eligible for deposit.
Section 709.050 - Trust companies depositing securities guaranteed by mortgage insurance and mortgage participation certificates.
Section 709.060 - Primary liability of deposit.
Section 709.070 - Right of action against deposit.
Section 709.080 - Charges for handling securities; collection procedure.
Section 709.110 - Deposit of documents with notes or bonds.
Section 709.120 - Substitution of deposit securities; income of securities deposited.
Section 709.130 - Indemnity bond when cash and securities of fiduciary account exceed stockholders’ equity or members’ equity in trust company.
Section 709.140 - Return of deposit; liability of state.
Section 709.145 - Investment of capital.
Section 709.150 - General powers of trust companies.
Section 709.160 - Solicitation and performance of legal business.
Section 709.170 - Establishment of and investment in common trust funds; rules; accounting.
Section 709.175 - Limitation on investment of trust funds; exceptions.
Section 709.190 - Trust department kept separate; records of securities; retention of records.
Section 709.200 - Acquisition or investment of trust property in own name or name of nominee.
Section 709.210 - Disclosure of fiduciary character or terms of trust instrument.
Section 709.220 - Handling of funds awaiting investment or distribution; security for use of funds.
Section 709.240 - Oath and bond exemption for trust company appointed as fiduciary.
Section 709.270 - Disclosure of communications and writings.
Section 709.280 - Loans to directors, officers, employees or affiliates.
Section 709.290 - Closing of trust unduly delayed.
Section 709.300 - Transaction of trust business by national bank.
Section 709.330 - Sale or transfer of assets or liabilities; effect on fiduciary relations.
Section 709.335 - Digital signatures.
Section 709.340 - Trust company quitting business; examination.
Section 709.350 - Successor trustee upon liquidation or receivership; appointment and qualification; petition by director; applicability of state laws.
Section 709.390 - Discontinuance of trust business; determination of claims against deposit of securities.
Section 709.400 - Order to start court action; publication of order; jurisdiction over securities; notice to trustor; applicability of state laws.
Section 709.410 - Termination of right to do trust business.
Section 709.420 - Actions or suits on claims; service of summons; preference on calendar.
Section 709.430 - Release or payment of deposit pending suit; distribution of deposits upon determination of suit.
Section 709.440 - Director’s charges as prior lien on deposit.
Section 709.450 - Sale and disposition of securities to pay expenses, costs and claims.
Section 709.460 - Application of ORS 709.390 to 709.450 to merger or consolidation; return of security deposit after merger or consolidation.
Section 709.500
Section 709.520 - Conversion to out-of-state trust company; conversion to Oregon trust company; procedures.
Section 709.525 - Merger or acquisition; procedures.
Section 709.530 - Applicability of ORS 711.190, 711.197 and 711.199 to merging or converting trust company.
Section 709.535 - Sale of assets or transfer of liabilities; approval by stockholders and director; appeal.
Section 709.540 - Rights of stockholder of trust company party to merger, share exchange or acquisition.
Section 709.600 - Regulation of trust business by corporations formed prior to adoption of Bank Act; regulation of other business.
Section 709.980 - Civil penalties.

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