Oregon Law
Law as of Jan 1, 2026
Chapter contents
295.001Definitions for ORS 295.001 to 295.108 295.002Deposit of public funds; exceptions; limitation on personal liability 295.004Conditions for deposit of funds in excess of specified amounts 295.005[1967 c.451 §1; 1973 c.157 §4; 1973 c.288 §2; 1973 c.378 §1; 1973 c.797 §426; 1975 c.515 §8; 1981 c.440 §2; 1983 c.104 §3; 1983 c.456 §4; 1985 c.439 §1; 1985 c.565 §51; 1987 c.524 §1; 1989 c.536 §1; 1991 c.352 §6; 1993 c.74 §1; 1993 c.229 §23; 1993 c.318 §12; 1997 c.631 §447; 1999 c.311 §1; 1999 c.412 §3; 2003 c.195 §17; 2003 c.405 §2; 2005 c.443 §§32,32a; 2007 c.783 §123; 2007 c.871 §15a; renumbered 295.001 in 2007] 295.006Public official filings with State Treasurer; rules 295.007Conditions for acting as custodian; rules 295.008Qualified depositories 295.009[2010 c.101 §13a; repealed by 2019 c.587 §6] 295.010[Amended by 1953 c.352 §3; 1957 c.172 §1; 1965 c.169 §1; repealed by 1967 c.451 §32] 295.011[2005 c.112 §4; 2005 c.443 §32c; 2007 c.783 §124; renumbered 295.101 in 2007] 295.012State Treasurer rule setting maximum liability for qualified credit union depositories 295.013Custodian’s receipt; duties of custodian; rules 295.015Maintenance of securities by qualified depository 295.018Increase in required collateral of qualified depository; notifications; failure to increase collateral 295.020[Repealed by 1967 c.451 §32] 295.022Collateral not required for deferred compensation funds 295.025[1967 c.451 §3; 1973 c.288 §3; 1999 c.48 §1; 2003 c.405 §6; 2007 c.871 §19; renumbered 295.002 in 2007] 295.027[2005 c.58 §1; 2007 c.871 §20; renumbered 295.004 in 2007] 295.030[Repealed by 1967 c.451 §32] 295.031Notice to public officials regarding adequacy of collateral 295.034Withdrawal of inadequately collateralized funds 295.035[1967 c.451 §4; 2007 c.871 §21; renumbered 295.013 in 2007] 295.037Distribution of collateral after loss in qualified depository 295.038Assessment against collateral of qualified depositories 295.039State Treasurer acceptance of moneys for purposes of administering ORS 295.038 295.040[Amended by 1959 c.330 §1; 1963 c.128 §1; 1965 c.629 §1; repealed by 1967 c.451 §32] 295.041Subrogation rights of State Treasurer 295.045[1967 c.451 §5; repealed by 2007 c.871 §35] 295.046Limitation on acceptance of public funds from single public official; exceptions 295.048Limitations on aggregate uninsured public funds deposits; notice; exceptions 295.050[Repealed by 1967 c.451 §32] 295.053Custodian duties when qualified depository ceases holding uninsured public funds; securities 295.055[1967 c.451 §6; 2007 c.871 §22; renumbered 295.006 in 2007] 295.056Liability of public officials for loss of public funds 295.060[Repealed by 1967 c.451 §32] 295.061Treasurer reports; filing; notification of changes; failure to file reports; rules 295.065[1967 c.451 §7; 1973 c.378 §2; 1975 c.515 §4; repealed by 2007 c.871 §35] 295.070[Repealed by 1967 c.451 §32] 295.071Investigation by regulatory bodies other than State Treasurer 295.073Report to State Treasurer of actions that reduce net worth of depository 295.075[1965 c.629 §3; repealed by 1967 c.451 §32] 295.080[Amended by 1959 c.330 §2; 1963 c.520 §2; 1967 c.335 §33; repealed by 1967 c.451 §32] 295.081Time deposits 295.084State Treasurer designation of depositories 295.085[1967 c.451 §8; repealed by 2007 c.871 §35] 295.087[Formerly 295.145; repealed by 2009 c.821 §31] 295.090[Amended by 1959 c.330 §3; repealed by 1967 c.451 §32] 295.091Geographic preference in selecting depositories; apportioning funds; interest 295.093Depositing moneys with treasurer of public body 295.095[1967 c.451 §9; 1969 c.314 §20; 1973 c.378 §3; 1983 c.456 §7; repealed by 1999 c.311 §8] 295.097State agency agreements with third parties; State Treasurer approval; rules 295.098Public body agreements with third parties; alternative methods 295.100[Repealed by 1967 c.451 §32] 295.101Public funds not subject to ORS 295.001 to 295.108 295.103Certain moneys related to motor carriers not public funds 295.105[1967 c.451 §10; 1973 c.438 §1; 1975 c.515 §5; 1983 c.296 §10; 1985 c.762 §183; 1999 c.311 §2; repealed by 2007 c.871 §35] 295.106State Treasurer charges; expenses 295.108State Treasurer rules; form of report 295.110[Amended by 1953 c.352 §3; repealed by 1967 c.451 §32] 295.115[1967 c.451 §11; 1989 c.319 §1; 2007 c.871 §23; renumbered 295.081 in 2007] 295.120[Amended by 1953 c.352 §3; repealed by 1967 c.451 §32] 295.125[1967 c.451 §12b; 1981 c.189 §1; 1989 c.319 §2; repealed by 2007 c.871 §35] 295.130[Amended by 1953 c.352 §3; repealed by 1967 c.451 §32] 295.135[1967 c.451 §13; 1981 c.189 §2; 1991 c.6 §1; renumbered 295.084 in 2007] 295.140[Repealed by 1953 c.352 §3] 295.145[1967 c.451 §14; renumbered 295.087 in 2007] 295.150[Repealed by 1967 c.451 §32] 295.155[1967 c.451 §15; 2005 c.22 §225; renumbered 295.091 in 2007] 295.160[Repealed by 1967 c.451 §32] 295.165[1967 c.451 §16; renumbered 295.093 in 2007] 295.170[Repealed by 1967 c.451 §32] 295.175[1967 c.451 §30; 1989 c.569 §5; repealed by 2007 c.871 §35] 295.180[Repealed by 1967 c.451 §32] 295.185[1983 c.456 §6; repealed by 2007 c.871 §35] 295.190[Repealed by 1967 c.451 §32] 295.195Deposit of funds in foreign country; effect on collateral; report to Legislative Assembly 295.200[Repealed by 1967 c.451 §32] 295.205Accounts in financial institutions outside Oregon; conditions; rules 295.210[Repealed by 1967 c.451 §32] 295.220[Repealed by 1967 c.451 §32] 295.230[Repealed by 1967 c.451 §32] 295.240[Repealed by 1967 c.451 §32] 295.410[Repealed by 1967 c.451 §32] 295.420[Repealed by 1967 c.451 §32] 295.430[Repealed by 1967 c.451 §32] 295.440[Amended by 1957 c.171 §1; 1965 c.169 §2; repealed by 1967 c.451 §32] 295.450[Repealed by 1967 c.451 §32] 295.460[Repealed by 1967 c.451 §32] 295.470[Repealed by 1967 c.451 §32] 295.480[Repealed by 1967 c.451 §32] 295.490[Amended by 1963 c.502 §5; repealed by 1967 c.451 §32] 295.500[Repealed by 1967 c.451 §32] 295.510[Repealed by 1967 c.451 §32] 295.520[Repealed by 1967 c.451 §32] 295.530[Repealed by 1967 c.451 §32] 295.990[Repealed by 1967 c.451 §32] 295.991[1967 c.451 §18; repealed by 1971 c.743 §432]

Chapter 295 — Depositories of Public Funds and Securities

ORS 295.053 Custodian duties when qualified depository ceases holding uninsured public funds; securities

(1)

If a qualified depository ceases holding uninsured public funds deposits, the depository’s custodian shall continue to hold the depository’s pledged securities as collateral pursuant to ORS 295.001 to 295.108 for a period of 30 days after the depository ceases holding uninsured public funds deposits, unless the State Treasurer directs the custodian to hold the depository’s pledged securities for a longer period.

(2)

If any of a qualified depository’s pledged securities matures, expires or otherwise terminates during the period described in subsection (1) of this section, the depository shall provide substitute securities or other collateral until the period expires.

(3)

If a qualified depository has not held uninsured public funds deposits during the period described in subsection (1) of this section, at the end of the period the depository’s custodian shall return the depository’s pledged securities to the depository.

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