An institution is insolvent if any of the following occurs: (1) The fair market value of the institutions assets is insufficient to pay the institutions liabilities, excluding any liability on account of capital debentures. (2) An Oregon stock bank fails to make good the Oregon stock banks reserve requirements under applicable law for a period of 30 days. (3) The institution cannot meet the institutions obligations or demands upon the institution as the obligations or demands become due. [Amended by 1973 c.797 251; 1975 c.544 35; 1997 c.631 242; 2015 c.244 83]
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