Transfer of assets after commission of act of insolvency or in contemplation of insolvency
- • exceptions
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. [Amended by 1973 c.797 §252; 2007 c.871 §32; 2010 c.101 §28]
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