Chapter 711

ATTY. GEN. OPINIONS: Applicability of licensing and registration requirements under Bank Act to loan solicitation office operating in Oregon, (1985) Vol. 44, p 378

711.470

NOTES OF DECISIONS

Where FDIC brought action against former officers and directors of three banks which merged into bank later declared insolvent, this section provides subrogation rights to FDIC as insurer only against closed bank and FDIC does not have indemnity claim against its former directors. FDIC v. Former Officers and Dir. of Metro. Bank, 705 F Supp 505 (D. Or. 1987)