2017 ORS 295.013¹
Custodian’s receipt
  • duties of custodian
  • rules

(1) When a custodian receives a pledge or release of securities from a depository, and after receiving the approval of the State Treasurer, the custodian shall issue to the State Treasurer a custodian’s receipt that describes the securities. The custodian also shall issue a copy of the receipt to the depository.

(2) A custodian shall:

(a) Maintain an accurate inventory of the securities of each depository described in the custodian’s receipts that the custodian issues to the State Treasurer and adjust the inventory to reflect pledges or releases of securities that the custodian previously inventoried.

(b) Appraise the value of the securities added to and released from the depository’s inventory and appraise the value of the depository’s entire inventory on the last day of each month and at such other times as the State Treasurer directs.

(c) Provide reports to the State Treasurer that describe the type and value of each security pledged by each depository and any additional information required by the State Treasurer.

(3) The State Treasurer, by rule or through individual pledge agreements, may specify:

(a) Additional information that must be reported related to the securities pledged;

(b) The frequency with which reports required under this section must be provided; and

(c) Requirements for distribution of reports to depositories or other persons. [Formerly 295.035; 2009 c.821 §5; 2010 c.101 §6; 2017 c.500 §2]

Atty. Gen. Opinions

Invest­ment of deferred compensa­tion funds, (1976) Vol 37, p 1284; county fair associa­tion as public corpora­tion, (1979) Vol 39, p 505

Chapter 295

Atty. Gen. Opinions

Invest­ment of funds by school district, (1974) Vol 36, p 827

1 Legislative Counsel Committee, CHAPTER 295—Depositories of Public Funds and Securities, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors295.­html (2017) (last ac­cessed Mar. 30, 2018).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2017, Chapter 295, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano295.­html (2017) (last ac­cessed Mar. 30, 2018).
 
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.