(2) The savings bank may advance cash to a person holding a credit card issued by the savings bank or any other person who, directly or indirectly, has agreed to pay to or for the account of the savings bank the amount of cash advanced by it in reliance on credit cards issued by the other person.
(3) Credit cards, loans, advances and documents used in connection with the use of credit cards shall be in the form and upon the terms and conditions prescribed by the board of investment of the savings bank, including, but not limited to, terms and conditions as to revocation, rates of interest and other charges, maturity dates and security, if any.
(4) A savings bank may become a stockholder, member of, or otherwise affiliated with, an organization that, in the opinion of the board of directors of the savings bank, will enable the savings bank to exercise fully the powers granted under this section. [1973 c.797 §375a]
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
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 716.540 - Investments in obligations of reconstruction and development banks.
Section 716.545 - Investments in bonds of Dominion of Canada.
Section 716.566 - Documents to be furnished by borrower in real estate loans.
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 716.590 - Miscellaneous investments; conditions.
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 716.900 - Voluntary dissolution of Oregon nonstock banks; priority of payment.
Section 716.905 - Notice of intention to close; disposition of unclaimed deposits.