OAR 863-015-0265
Interest-Bearing Accounts


(1)

The written approval necessary to establish a federally insured interest-bearing clients’ trust account must specify to whom and under what circumstances the interest earnings from the account will accrue and be paid.

(2)

In a transaction subject to ORS 696.241 (Clients’ trust accounts)(7), funds belonging to others may not be invested in any type of account or security or certificate of deposit that has a fixed term for maturity or imposes any fee or penalty for withdrawal before maturity unless the written consent of all parties to the transaction has been secured.

Source: Rule 863-015-0265 — Interest-Bearing Accounts, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=863-015-0265.

Last Updated

Jun. 24, 2021

Rule 863-015-0265’s source at or​.us