The court hearing the proceedings instituted by the Director of the Department of Consumer and Business Services under ORS § 709.390 may, upon terms fixed by the court, order the director to sell and reduce to cash the deposited securities as necessary to pay:

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(1) The unpaid charges and expenses described in ORS § 709.440; and

(2) Claims established against the deposit. [Amended by 1973 c.797 § 215]