Or. Admin. R. 150-316-0530 - Pool of Assets That Qualify to Pay State Exempt-interest Dividends

150-316-0530 - Pool of Assets That Qualify to Pay State Exempt-interest Dividends150-316-0530 - Pool of Assets That Qualify to Pay State Exempt-interest Dividends

150-316-0525 - U.s. Government Interest in Retirement Accounts 150-316-0535 - Federal Tax Deduction: Accrual Method of Accounting Required; Deductions Allowable to Cash Basis Taxpayers; Refunds to Be Included

150-316-0530
Pool of Assets that Qualify to Pay State Exempt-Interest Dividends

As used in ORS 316.683(1), a “pool of assets” means funds that are managed by financial institutions acting in a fiduciary capacity for the benefit of trust beneficiaries. Financial institutions shall include, but not be limited to banks, savings associations, or credit unions. The pool of assets need not be incorporated as a regulated investment company in order to pay state exempt-interest dividends to its beneficiaries.

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