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Section 707.007 - Organization of Oregon bank as limited liability company. - (2) With respect to any Oregon bank that is organized...
Section 707.010 - Certificate required to transact banking business; exemption. - (1) Advertise that the person is receiving or accepting money...
Section 707.020 - Violation of ORS 707.005 or 707.010; investigation; injunction. - (2) When the director believes, from evidence satisfactory to the...
Section 707.025 - Organization of banking institution for purpose of merging with, acquiring assets of or assuming liabilities of financial institution; procedure; conditions; fee. - (2) Notwithstanding ORS 707.050, 707.070, 707.080 to 707.120, 707.140, 707.170...
Section 707.050 - Initial paid-in capital requirement. - (2) The initial paid-in capital of an institution or Oregon...
Section 707.070 - Application for authority to organize banking institution; fee; contents. - (1) The proposed location of the initial principal place of...
Section 707.075 - Banking institution name. - (a) May not contain any word or phrase that indicates...
Section 707.080 - Investigation and ruling on application; conditional approval; appeal. - (a) The purposes of the proposed banking institution as stated...
Section 707.110 - Execution and submission of articles of incorporation; contents. - (2) The articles of incorporation must: (a) Specify the name...
Section 707.120 - Issuance of certificate of incorporation when filings conform to law. - (a) Indorse on each of the duplicate originals the word...
Section 707.140 - Submission of organization information; issuance of charter. - (a) A list of stockholders, showing name, address, number of...
Section 707.145 - Grounds for refusing authority to organize. - (1) Is insolvent, either in the sense that the person’s...
Section 707.155 - Authority to require additional investigatory information; fingerprinting. - (a) Any person required to be named in the application...
Section 707.160 - Transaction of business prior to organization; failure to complete organization; liability. - (2) An institution or Oregon stock savings bank that fails...
Section 707.170 - Effective date of charter; commencement of business; effect of failure to commence business. - (2) A banking institution shall commence business on the effective...
Section 707.182 - Registered agent; registered office. - (2) A registered agent shall be: (a) An individual who...
Section 707.184 - Changes in registered office or agent. - (a) The name of the institution or Oregon stock savings...
Section 707.186 - Resignation of registered agent; discontinuance of registered office. - (2) Upon delivery of the signed statement, the director shall...
Section 707.188 - Service of process on institution or Oregon stock savings bank. - (2) The Director of the Department of Consumer and Business...
Section 707.210 - Stock issuance after obtaining charter; form of stock certificate; issuance of stock without certificate. - (a) Be signed by two officers of the institution or...
Section 707.220 - Stock record; contents; inspection. - (2) The stock ledger or register shall be available for...
Section 707.244 - Amendment of articles of incorporation; purposes for amendment. - (2) In particular, and without limitation upon such general power...
Section 707.246 - Manner of amending articles of incorporation. - (1) If an institution or Oregon stock savings bank has...
Section 707.248 - Shareholders authorized to vote on amendment to articles of incorporation. - (a) Increase or decrease the aggregate number of authorized shares...
Section 707.250 - Execution of amendments to articles of incorporation. - (1) The name of the institution or Oregon stock savings...
Section 707.252 - Filing of amended articles of incorporation. - (1) Indorse on each such duplicate originals the word "Filed"...
Section 707.254 - Effective date of amended articles of incorporation; effect on existing cause of action. - (2) If an amendment to the articles of incorporation specifies...
Section 707.256 - Restated articles of incorporation. - (2) Except as provided in subsection (3) of this section,...
Section 707.258 - Terms of class of shares or series within class determined by board of directors. - (2) Each series of a class must be given a...
Section 707.260 - Fractional shares; scrip. - (a) Issue fractions of a share or pay in money...
Section 707.262 - Share options; limits on issuance. - (2) The rights or options described in subsection (1) of...
Section 707.270 - Effect of redemption of shares; statement of cancellation. - (2) The statement of cancellation shall be executed in duplicate...
Section 707.272 - Paid-in capital; use; retained earnings reserve; approval of director for redemption of shares; rules. - (2) An institution or Oregon stock savings bank may, by...
Section 707.350 - Payment prior to issuance of certificate of stock; consideration; approvals. - (2) An institution or Oregon stock savings bank may not...
Section 707.380 - Limitation on dividends; exception. - (a) All bad debts, which are debts on which interest...
Section 707.610 - Annual and special stockholder meetings; notice of orders. - (a) A copy of ORS 706.580; (b) A statement that...
Section 707.613 - Shareholder waiver of notice; effect of attendance at meeting. - (2) Attendance at a meeting by a shareholder waives objection...
Section 707.615 - Record date. - (2) In lieu of closing the stock transfer books, the...
Section 707.617 - Shareholders list for meeting. - (2) Failure to comply with the requirements of this section...
Section 707.619 - Voting entitlement of shares. - (2) Neither shares of its own stock held by the...
Section 707.621 - Quorum. - (2) Once a share is represented at a meeting, it...
Section 707.623 - Modification of quorum or voting requirements. - (2) An amendment to the articles of incorporation that adds...
Section 707.644 - Committees of board of directors; limitations. - (2) No committee shall have the authority of the board...
Section 707.646 - Staggered terms for directors. - (2) If the institution or Oregon stock savings bank has...
Section 707.648 - Removal of directors by shareholders. - (2) If a director is elected by a voting group...
Section 707.660 - General standards for directors. - (2) In discharging the duties of a director, a director...
Section 707.665 - General standards for officers. - (a) In good faith; (b) With the care an ordinarily...
Section 707.670 - Regular meetings of directors; rules; quorum; notice; meetings using communications equipment. - (2) A quorum at any meeting of the board of...
Section 707.680 - Special board meetings called by director; penalty for failure to attend. - (2) A director who fails to appear at the meeting...
Section 707.700 - Selection and control of officers by directors; effect of removal of officers. - (2) The board of directors may define the duties, fix...
Section 707.705 - Investigation of new director, president and chief executive officer; fingerprinting; disapproval of election or appointment. - (2) The director shall investigate each person whose name is...
Section 707.710 - Removal of officer or director. - (2) The director may issue an order of removal under...
Section 707.735 - Officers and directors to notify law enforcement officers of certain criminal violations; investigations; costs. - (2) If the matter is referred to a district attorney...
Section 707.744 - Definitions for ORS 707.744 to 707.764. - (1) "Director" means an individual who is or was a...
Section 707.746 - Authority to indemnify directors. - (a) The conduct of the individual was in good faith;...
Section 707.752 - Advance for expenses. - (a) The director furnishes the banking institution a written affirmation...
Section 707.754 - Court-ordered indemnification. - (1) The director is entitled to mandatory indemnification under ORS...
Section 707.756 - Determination and authorization of indemnification. - (2) A determination that indemnification of a director is permissible...
Section 707.758 - Indemnification of officers, employees and agents. - (1) An officer of the banking institution is entitled to...
Section 707.764 - Application of ORS 707.744 to 707.762. - (a) Any director as authorized by the articles of incorporation,...