An institution may not pay dividends in an amount that exceeds the institution’s retained earnings except with the prior written approval of the director of the Department of Consumer and Business Services.

Statutory/Other Authority

ORS 706.795

Statutes/Other Implemented

ORS 707.410 & 707.415

History

FSR 23-2020, adopt filed 11/23/2020, effective 11/23/2020
FSR 21-2020, temporary adopt filed 06/18/2020, effective 06/18/2020 through 12/14/2020