(2) Unless the deposited assets are delivered to the Federal Deposit Insurance Corporation as receiver, the amount available for distribution to the depositors under subsection (1) of this section shall be allocated to the depositors of the office pro rata to the extent of their deposits.
(3) Any additional deposited assets remaining after the distributions to depositors provided for in subsection (2) of this section shall be available for distribution to the other creditors of the extranational institution in accordance with ORS 711.530 to 711.570.
(4) As used in this section, the term "depositor" has the meaning given that term in ORS 711.515. [1975 c.725 §5; 1997 c.631 §292; 2007 c.71 §231]
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Chapter 713 - Out-of-State Banks and Extranational Institutions
Section 713.016 - Requirements for conducting banking business; deposit insurance.
Section 713.025 - Assets requirement for extranational institutions; type; amount.
Section 713.090 - Reports; fees; examination and regulation.
Section 713.130 - Name of out-of-state bank or extranational institution.
Section 713.150 - Submission of application; fee; issuance of certificate of authority.
Section 713.170 - Registered office or agent.
Section 713.190 - Service of process on agent; director as agent; fee; affidavit.
Section 713.200 - Delivery of documents filed with Secretary of State; change of name or duration.
Section 713.210 - Withdrawal from state.
Section 713.220 - Application for withdrawal; effect of filing.
Section 713.230 - Revocation of certificate of authority.
Section 713.250 - Limits on banks and institutions without certificates of authority.