Oregon Statutes 734.300 – Priority of special deposit claims
The owners of special deposit claims against an insurer for which a receiver is appointed in this or any other state shall be given priority against their several special deposits in accordance with the provisions of the statutes governing the creation and maintenance of such deposits. If there is a deficiency in any such deposit so that claims secured thereby are not fully discharged therefrom, the claimants may share in the general assets, but such sharing shall be deferred until general creditors, and also claimants against other special deposits who have received smaller percentages from their respective special deposits, have been paid percentages of their claims equal to the percentage paid from the special deposit. [1967 c.359 § 284]
Terms Used In Oregon Statutes 734.300
- Any other state: includes any state and the District of Columbia. See Oregon Statutes 174.100
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Receiver: means receiver, rehabilitator, liquidator or conservator, as the context may require. See Oregon Statutes 734.014