ORS 708A.580¹
Capital-strengthening corporations

(1) The aggregate amount of stock of a corporation acquired under ORS 708A.125 (Stock in corporations acquired to strengthen capital or eliminate undesirable assets) for the purpose of strengthening the institution’s capital or eliminating undesirable assets shall not be carried on the books in excess of 20 percent of the institution’s capital.

(2) The book value of the stock shall be amortized by not less than five percent of its original book value each year. [1997 c.631 §191]

1 Legislative Counsel Committee, CHAPTER 708A—Regulation of Institutions Generally, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors708A.­pdf (2007) (last ac­cessed Feb. 12, 2009).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information