(2) When all actions on claims against the deposit are finally determined, so much of the deposit as is necessary shall be paid to the claimants who have established their claims in the sums allowed by the court or, if not sufficient, the deposit shall be distributed pro rata among the claimants establishing their claims.
(3) The court, in the proceeding initiated by the director, shall enter a judgment providing that the balance of the deposit be paid to the trust company or if the trust company is in the process of liquidation, to the official in charge of the liquidation. [Amended by 1973 c.797 §213; 1997 c.631 §225; 2003 c.576 §548]
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Chapter 709 - Regulation of Trust Business
Section 709.015 - Organization as limited liability company.
Section 709.040 - Securities eligible for deposit.
Section 709.080 - Charges for handling securities; collection procedure.
Section 709.120 - Substitution of deposit securities; income of securities deposited.
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 709.220 - Handling of funds awaiting investment or distribution; security for use of funds.
Section 709.280 - Loans to directors, officers, employees or affiliates.
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 709.420 - Actions or suits on claims; service of summons; preference on calendar.
Section 709.450 - Sale and disposition of securities to pay expenses, costs and claims.