2021 Oregon Revised Statutes
Chapter 716 - Savings Banks
Section 716.195 - Service of process on Oregon savings bank.


(2) The Director of the Department of Consumer and Business Services shall be an agent of an Oregon savings bank, including a dissolved Oregon savings bank, upon whom any such process, notice or demand may be served whenever the Oregon savings bank fails to appoint or maintain a registered agent in this state or whenever the Oregon savings bank’s registered agent cannot with reasonable diligence be found at the registered office.
(3) Service shall be made on the director by:
(a) Serving the director or a clerk on duty at the office of the director a copy of the process, notice or demand, with any papers required by law to be delivered in connection with the service, and the required fee for each party being served or by mailing to the office of the director a copy of the process, notice or demand and the required fee for each party being served by certified or registered mail;
(b) Transmittal by the person instituting the proceedings of notice of the service on the director and a copy of the process, notice or demand and accompanying papers to the Oregon savings bank being served by certified or registered mail:
(A) At the last registered office of the Oregon savings bank as shown by the records of the director; and
(B) At such address the use of which the person initiating the proceedings knows or, on the basis of reasonable inquiry, has reason to believe is most likely to result in actual notice; and
(c) Filing with the appropriate court or other body, as part of the return of service, the return receipt of mailing and an affidavit of the person initiating the proceedings stating that this section has been complied with.
(4) The director shall keep a record of all processes, notices and demands served upon the director under this section.
(5) After completion of initial service upon the director, no additional documents need be served upon the director to maintain jurisdiction in the same proceeding or to give notice of any motion or provisional process.
(6) Nothing contained in this section shall limit or affect the right to serve any process, notice or demand required or permitted by law to be served upon an Oregon savings bank in any other manner now or hereafter permitted by law, or enlarge the purposes for which service on the director is permitted where such purposes are limited by other provisions of law. [2005 c.192 §11]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 18 - Financial Institutions, Insurance

Chapter 716 - Savings Banks

Section 716.024 - Provisions of Bank Act applicable to Oregon savings banks and Oregon stock savings banks.

Section 716.028 - Application for authority to organize; fee; contents.

Section 716.040 - Articles of incorporation; contents.

Section 716.050 - Approval of articles; certificate of incorporation; filing.

Section 716.055 - Creation of guaranty and expense funds.

Section 716.060 - Maintenance of guaranty fund or liquidation account.

Section 716.070 - Expense fund.

Section 716.080 - Issuance of charter.

Section 716.100 - Effect of failure to complete organization; liabilities.

Section 716.120 - Conditions precedent to transaction of business.

Section 716.135 - Amendment of articles of incorporation.

Section 716.145 - Form and content of articles of amendment.

Section 716.160 - Restated articles of incorporation; procedure; contents.

Section 716.185 - Registered agent; registered office.

Section 716.187 - Changes in registered office or agent.

Section 716.190 - Resignation of registered agent; discontinuance of registered office.

Section 716.195 - Service of process on Oregon savings bank.

Section 716.205 - Salaries of certain directors.

Section 716.210 - Number and qualifications of directors.

Section 716.320 - Removal of director; vacation of director’s office.

Section 716.420 - Permitted investments.

Section 716.441 - Investments in equipment trust certificates.

Section 716.450 - Investments in certain obligations.

Section 716.520 - Investments in bankers’ acceptances, bills of exchange, savings or time accounts; limits.

Section 716.535 - Investments in common stock of federally chartered corporation providing secondary mortgage sale markets and Federal Home Loan Bank.

Section 716.540 - Investments in obligations of reconstruction and development banks.

Section 716.545 - Investments in bonds of Dominion of Canada.

Section 716.554 - Participation in investments in notes or bonds secured by real estate mortgages or trust deeds.

Section 716.566 - Documents to be furnished by borrower in real estate loans.

Section 716.572 - Mortgage loan applications; conditions for granting loan; manner of holding mortgages and trust deeds.

Section 716.574 - Purchase of real estate sale contract as loan; authority to acquire contracts.

Section 716.584 - Limitations on single loans on real estate; exceptions.

Section 716.586 - Credit card transactions.

Section 716.588 - Investments in certain corporate capital stocks; conditions; restrictions on corporate indebtedness.

Section 716.590 - Miscellaneous investments; conditions.

Section 716.594 - Authority of Oregon savings bank to acquire corporation licensed as insurance producer; rules.

Section 716.600 - Relationship to powers of federal savings banks.

Section 716.610 - General powers; licensing as insurance producer; rules.

Section 716.626 - Certificates indicating contribution to guaranty or expense funds.

Section 716.630 - Real estate held for use as place of business.

Section 716.780 - Crediting portion of net earnings to guaranty fund.

Section 716.790 - Computation of guaranty fund.

Section 716.800 - Repayment of contributions made to expense fund and guaranty fund.

Section 716.830 - Payment of dividends; classification of depositors; certificates of deposit; notice of change of rate.

Section 716.900 - Voluntary dissolution of Oregon nonstock banks; priority of payment.

Section 716.905 - Notice of intention to close; disposition of unclaimed deposits.