2011 ORS § 711.410¹
Transfer of assets after commission of act of insolvency or in contemplation of insolvency
  • exceptions

Except for transfers by a bank depository or the State Treasurer of public funds or securities as required by ORS 295.001 (Definitions for ORS 295.001 to 295.108) to 295.108 (State Treasurer rules), all transfers of assets made after the commission of an act of insolvency or in contemplation of insolvency, to prevent the application of the assets in the manner prescribed by the Bank Act or to the preference of one creditor to another are void. [Amended by 1973 c.797 §252; 2007 c.871 §32]

Note: The amendments to 711.410 (Transfer of assets after commission of act of insolvency or in contemplation of insolvency) by section 28, chapter 101, Oregon Laws 2010, become operative January 1, 2013, and apply to public funds on deposit on or after January 1, 2013. See section 29, chapter 101, Oregon Laws 2010, as amended by section 2, chapter 667, Oregon Laws 2011, and see section 30, chapter 101, Oregon Laws 2010. The text that is operative on and after January 1, 2013, is set forth for the users convenience.

711.410 (Transfer of assets after commission of act of insolvency or in contemplation of insolvency). Except for transfers of public funds or securities that a depository, as defined in ORS 295.001 (Definitions for ORS 295.001 to 295.108), or the State Treasurer must make under ORS 295.001 (Definitions for ORS 295.001 to 295.108) to 295.108 (State Treasurer rules), transfers of assets made after the commission of an act of insolvency or in contemplation of insolvency to prevent the application of the assets in the manner prescribed by the Bank Act or to the preference of one creditor to another are void.