Section 732.240 - Trusts of life insurance proceeds.

OR Rev Stat § 732.240 (2019) (N/A)
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(2) Trust provisions authorized by this section shall in no manner subject the insurer to any of the provisions of the laws of this state relating to banks or trust companies.

(3) The forms of such trust agreements shall be first submitted to and approved by the Director of the Department of Consumer and Business Services. [Formerly 739.410]