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 32, chapter 871, Oregon Laws 2007, become operative July 1, 2008, and apply to all public funds on deposit on or after July 1, 2008. See sections 36 and 37, chapter 871, Oregon Laws 2007, as amended by sections 39 and 40, chapter 871, Oregon Laws 2007. The text that is operative until July 1, 2008, is set forth for the user’s convenience.

711.410 (Transfer of assets after commission of act of insolvency or in contemplation of insolvency). 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.

Chapter 711

Atty. Gen. Opinions

Applicability of licensing and registra­tion require­ments under Bank Act to loan solicita­tion office operating in Oregon, (1985) Vol. 44, p 378

1 Legislative Counsel Committee, CHAPTER 711—Merger; Conversion; Share Exchange; Acquisition; Liquidation; Insolvency, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors711.­pdf (2007) (last ac­cessed Feb. 12, 2009).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 711, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­711ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
 
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