2011 ORS § 709.060¹
Primary liability of deposit

The deposit mentioned in ORS 709.030 (Approval to transact trust business) is primarily liable for the malfeasance of a trust company as a fiduciary and is not liable for any debt or other obligation of the company until such malfeasance liability has been discharged. [Amended by 1973 c.797 §186; 1997 c.631 §206]