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. - (2) In addition to the statutes listed in subsection (1)...

Section 716.028 - Application for authority to organize; fee; contents. - (1) The corporate name. (2) The proposed location of the...

Section 716.040 - Articles of incorporation; contents. - (2) The articles of incorporation of an Oregon nonstock bank...

Section 716.050 - Approval of articles; certificate of incorporation; filing. - (a) Indorse on each of the duplicate originals the word...

Section 716.055 - Creation of guaranty and expense funds. - (1) A guaranty fund, as provided in ORS 716.060, for...

Section 716.060 - Maintenance of guaranty fund or liquidation account. - (2) If a financial institution that is converting to another...

Section 716.070 - Expense fund. - (2) The amounts contributed to the expense fund of the...

Section 716.080 - Issuance of charter. - (a) A copy of its articles of incorporation, as required...

Section 716.100 - Effect of failure to complete organization; liabilities. - (2) All persons purporting to act as or on behalf...

Section 716.120 - Conditions precedent to transaction of business. - (1) It has received its charter from the Director of...

Section 716.135 - Amendment of articles of incorporation. - (2) In particular, and without limitation upon such general power...

Section 716.145 - Form and content of articles of amendment. - (1) The name of the Oregon nonstock bank. (2) If...

Section 716.160 - Restated articles of incorporation; procedure; contents. - (2) Restated articles of incorporation shall contain all the statements...

Section 716.185 - Registered agent; registered office. - (2) A registered agent shall be: (a) An individual who...

Section 716.187 - Changes in registered office or agent. - (a) The name of the Oregon savings bank; (b) If...

Section 716.190 - Resignation of registered agent; discontinuance of registered office. - (2) Upon delivery of the signed statement, the director shall...

Section 716.195 - Service of process on Oregon savings bank. - (2) The Director of the Department of Consumer and Business...

Section 716.205 - Salaries of certain directors. - (2) An attorney for a savings bank, although a director...

Section 716.210 - Number and qualifications of directors. - (2) A person shall not be a director of an...

Section 716.320 - Removal of director; vacation of director’s office. - (a) The board member’s conduct is of such character as...

Section 716.420 - Permitted investments. - (1) In the obligations specified in ORS 708A.115 (1), without...

Section 716.441 - Investments in equipment trust certificates. - (2) Not more than 15 percent of the assets of...

Section 716.450 - Investments in certain obligations. - (1) In the notes of any person, with a pledge...

Section 716.520 - Investments in bankers’ acceptances, bills of exchange, savings or time accounts; limits. - (a) Bankers’ acceptances and bills of exchange of the kind...

Section 716.535 - Investments in common stock of federally chartered corporation providing secondary mortgage sale markets and Federal Home Loan Bank. - (1) Any federally chartered corporation that is chartered for the...

Section 716.540 - Investments in obligations of reconstruction and development banks. - (1) In obligations issued or guaranteed by the International Bank...

Section 716.545 - Investments in bonds of Dominion of Canada. - (1) The interest and principal of such bonds is payable...

Section 716.554 - Participation in investments in notes or bonds secured by real estate mortgages or trust deeds. - (2) An agreement setting forth the manner in which the...

Section 716.566 - Documents to be furnished by borrower in real estate loans. - (1) A note or bond secured by a mortgage or...

Section 716.572 - Mortgage loan applications; conditions for granting loan; manner of holding mortgages and trust deeds. - (2) A mortgage loan shall be granted only upon the...

Section 716.574 - Purchase of real estate sale contract as loan; authority to acquire contracts. - (2) A savings bank may acquire contracts covering a sale...

Section 716.584 - Limitations on single loans on real estate; exceptions. - (2) A loan may exceed the limitations prescribed in subsection...

Section 716.586 - Credit card transactions. - (2) The savings bank may advance cash to a person...

Section 716.588 - Investments in certain corporate capital stocks; conditions; restrictions on corporate indebtedness. - (a) All of the capital stock of the corporation is...

Section 716.590 - Miscellaneous investments; conditions. - (1) If the amount of the investment exceeds one percent...

Section 716.594 - Authority of Oregon savings bank to acquire corporation licensed as insurance producer; rules. - (1) The acquisition and holding of such stock shall be...

Section 716.600 - Relationship to powers of federal savings banks. - (a) Oregon savings banks are authorized to engage in those...

Section 716.610 - General powers; licensing as insurance producer; rules. - (1) Receive time deposits and demand deposits of money without...

Section 716.626 - Certificates indicating contribution to guaranty or expense funds. - (2) The certificate shall show that it does not constitute...

Section 716.630 - Real estate held for use as place of business. - (a) 50 percent of the guaranty fund and undivided profits...

Section 716.780 - Crediting portion of net earnings to guaranty fund. - (2) If the guaranty fund accumulated from earnings equals or...

Section 716.790 - Computation of guaranty fund. - (a) Securities, other evidences of indebtedness and other interest-bearing obligations...

Section 716.800 - Repayment of contributions made to expense fund and guaranty fund. - (2) When the contributions of the incorporators or directors to...

Section 716.830 - Payment of dividends; classification of depositors; certificates of deposit; notice of change of rate. - (a) To the guaranty fund any amount considered by the...

Section 716.900 - Voluntary dissolution of Oregon nonstock banks; priority of payment. - (2) Before approving the plan for closing the Oregon nonstock...

Section 716.905 - Notice of intention to close; disposition of unclaimed deposits. - (2) All deposits and amounts reserved for creditors that remain...