# ORS § 706.560: 706.560 Appraisal of securities and audit

> Oregon · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.560

## Section

- **Citation:** ORS § 706.560
- **Heading:** 706.560 Appraisal of securities and audit
- **Jurisdiction:** Oregon
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OR Code / Title 53 / Chapter 706 / Section 706.560

## Text

(1) When a banking institution or a non-Oregon institution has been examined by an examiner and the examiner finds securities that are of doubtful value, the examiner shall report the same to the Director of the Department of Consumer and Business Services, who may, at the expense of the banking institution or non-Oregon institution, investigate and appraise the securities.

(2) The director may, in the discretion of the director or whenever requested to do so by a banking institution or non-Oregon institution, make an audit of the affairs of the banking institution or non-Oregon institution. The Department of Consumer and Business Services shall be reimbursed by the banking institution or non-Oregon institution for all costs incurred by the department in conducting the audit. [Amended by 1973 c.797 §29; 1997 c.631 §7]

Source: Section 706.560 — Appraisal of securities and audit , https://www.­oregonlegislature.­gov/bills_laws/ors/ors706.­html (accessed May 26, 2025).

## Nearby sections

- [ORS § 706.005 706.005 Definitions for Bank Act](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.005.md)
- [ORS § 706.008 706.008 Additional definitions for Bank Act](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.008.md)
- [ORS § 706.015 706.015 Bank Act references to federal statutes and regulations](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.015.md)
- [ORS § 706.500 706.500 Examination of banking institutions and non-Oregon institutions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.500.md)
- [ORS § 706.515 706.515 Agreements with other bank supervisory agencies and Financial Crimes Enforcement Network](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.515.md)
- [ORS § 706.520 706.520 Request by directors or stockholders for examination](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.520.md)
- [ORS § 706.530 706.530 Annual fees paid by banking institutions and non-Oregon institutions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.530.md)
- [ORS § 706.544 706.544 Costs for special examination or other actions taken](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.544.md)
- [ORS § 706.560 706.560 Appraisal of securities and audit](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.560.md)
- [ORS § 706.570 706.570 Requirement that banking institution keep books and accounts](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.570.md)
- [ORS § 706.575 706.575 Certificate as evidence that document is filed with director](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.575.md)
- [ORS § 706.578 706.578 Establishment of loan production office](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.578.md)
- [ORS § 706.580 706.580 Illegal, unauthorized or unsafe practices](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.580.md)
- [ORS § 706.600 706.600 Authority to protect creditors and depositors of banking institution or non-Oregon institution](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.600.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C706_S706.560. Check the current official text before relying on it. Not legal advice.