Or. Admin. Code § 441-505-1160 - Trust Company Financial Statements
(1) All companies doing trust business in
Oregon must file with the Director annual financial statements prepared in
accordance with generally accepted accounting principles.
(2) The financial statements must be reviewed
by an independent accountant. If the company for its own business purposes has
audited financial statements prepared, a copy of the audited financial
statements may be filed.
(3) The
financial statements must be filed no later than 120 days after the end of the
company's fiscal year.
(4) A
depository institution doing trust business in Oregon is not required to file
financial statements for its trust business separate from its annual financial
statements filed with the director.
Notes
Stat. Auth.: 706.790
Stats. Implemented: 706.630
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