Oregon Statutes 711.410 – Transfer of assets after commission of act of insolvency or in contemplation of insolvency; exceptions
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Except for transfers of public funds or collateral that a qualified depository, as defined in ORS § 295.001, or the State Treasurer must make under ORS § 295.001 to 295.108, 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; 2019 c.587 § 49]
Terms Used In Oregon Statutes 711.410
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.