2021 Oregon Revised Statutes
Chapter 707 - Organization to Conduct Banking Business; Stockholders, Directors and Officers
Section 707.680 - Special board meetings called by director; penalty for failure to attend.


(2) A director who fails to appear at the meeting without proper cause is subject to a penalty of up to $1,000 for each meeting the director fails to attend. The penalty shall be collected in the manner prescribed by ORS 706.570. [Amended by 1973 c.797 §91; 1997 c.631 §97]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 18 - Financial Institutions, Insurance

Chapter 707 - Organization to Conduct Banking Business; Stockholders, Directors and Officers

Section 707.007 - Organization of Oregon bank as limited liability company.

Section 707.010 - Certificate required to transact banking business; exemption.

Section 707.020 - Violation of ORS 707.005 or 707.010; investigation; injunction.

Section 707.025 - Organization of banking institution for purpose of merging with, acquiring assets of or assuming liabilities of financial institution; procedure; conditions; fee.

Section 707.050 - Initial paid-in capital requirement.

Section 707.070 - Application for authority to organize banking institution; fee; contents.

Section 707.075 - Banking institution name.

Section 707.080 - Investigation and ruling on application; conditional approval; appeal.

Section 707.110 - Execution and submission of articles of incorporation; contents.

Section 707.120 - Issuance of certificate of incorporation when filings conform to law.

Section 707.140 - Submission of organization information; issuance of charter.

Section 707.145 - Grounds for refusing authority to organize.

Section 707.155 - Authority to require additional investigatory information; fingerprinting.

Section 707.160 - Transaction of business prior to organization; failure to complete organization; liability.

Section 707.170 - Effective date of charter; commencement of business; effect of failure to commence business.

Section 707.182 - Registered agent; registered office.

Section 707.184 - Changes in registered office or agent.

Section 707.186 - Resignation of registered agent; discontinuance of registered office.

Section 707.188 - Service of process on institution or Oregon stock savings bank.

Section 707.210 - Stock issuance after obtaining charter; form of stock certificate; issuance of stock without certificate.

Section 707.220 - Stock record; contents; inspection.

Section 707.244 - Amendment of articles of incorporation; purposes for amendment.

Section 707.246 - Manner of amending articles of incorporation.

Section 707.248 - Shareholders authorized to vote on amendment to articles of incorporation.

Section 707.250 - Execution of amendments to articles of incorporation.

Section 707.252 - Filing of amended articles of incorporation.

Section 707.254 - Effective date of amended articles of incorporation; effect on existing cause of action.

Section 707.256 - Restated articles of incorporation.

Section 707.258 - Terms of class of shares or series within class determined by board of directors.

Section 707.260 - Fractional shares; scrip.

Section 707.262 - Share options; limits on issuance.

Section 707.270 - Effect of redemption of shares; statement of cancellation.

Section 707.272 - Paid-in capital; use; retained earnings reserve; approval of director for redemption of shares; rules.

Section 707.350 - Payment prior to issuance of certificate of stock; consideration; approvals.

Section 707.380 - Limitation on dividends; exception.

Section 707.610 - Annual and special stockholder meetings; notice of orders.

Section 707.613 - Shareholder waiver of notice; effect of attendance at meeting.

Section 707.615 - Record date.

Section 707.617 - Shareholders list for meeting.

Section 707.619 - Voting entitlement of shares.

Section 707.621 - Quorum.

Section 707.623 - Modification of quorum or voting requirements.

Section 707.644 - Committees of board of directors; limitations.

Section 707.646 - Staggered terms for directors.

Section 707.648 - Removal of directors by shareholders.

Section 707.660 - General standards for directors.

Section 707.665 - General standards for officers.

Section 707.670 - Regular meetings of directors; rules; quorum; notice; meetings using communications equipment.

Section 707.680 - Special board meetings called by director; penalty for failure to attend.

Section 707.700 - Selection and control of officers by directors; effect of removal of officers.

Section 707.705 - Investigation of new director, president and chief executive officer; fingerprinting; disapproval of election or appointment.

Section 707.710 - Removal of officer or director.

Section 707.735 - Officers and directors to notify law enforcement officers of certain criminal violations; investigations; costs.

Section 707.744 - Definitions for ORS 707.744 to 707.764.

Section 707.746 - Authority to indemnify directors.

Section 707.752 - Advance for expenses.

Section 707.754 - Court-ordered indemnification.

Section 707.756 - Determination and authorization of indemnification.

Section 707.758 - Indemnification of officers, employees and agents.

Section 707.764 - Application of ORS 707.744 to 707.762.