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Section 723.001 - Definitions. - (1) "Assets" means property, a right or a claim with...
Section 723.012 - Organization procedure; articles of incorporation; bylaws; fee; rules. - (2) The incorporators shall execute the documents, including the articles...
Section 723.014 - Denial of certificate of approval. - (1) Is insolvent or bankrupt; (2) Has engaged in dishonest,...
Section 723.022 - Amendment of articles and bylaws; fee; rules. - (2) Amendments to articles of incorporation are effective upon approval...
Section 723.032 - Places of business; mobile facilities. - (2) A credit union may establish one or more mobile...
Section 723.042 - Interstate credit unions. - (2) A credit union organized under the laws of another...
Section 723.106 - Reports; late filing penalty; rules. - (2) A civil penalty in an amount to be established...
Section 723.112 - Examinations. - (2) For purposes of an examination under subsection (1) of...
Section 723.114 - Annual fees paid by credit unions; rules. - (2) In addition to any fee collected under subsection (1)...
Section 723.118 - Disclosure of records of department; exemptions. - (2) Except as provided in subsection (3) of this section,...
Section 723.122 - Bond or letter of credit; rules. - ______________________________________________________________________________ Total Assets Minimum Amount of Bond or Letter of...
Section 723.134 - Receipt of deposits from person not a member of credit union; secondary capital accounts; rules. - (a) Receive deposits from a person that is not a...
Section 723.136 - Agreements with other credit union supervisory agencies and Financial Crimes Enforcement Network; contracts for use of credit union examiners; joint examination or enforcement; fees. - (2) The director may enter into a contract with a...
Section 723.152 - General powers; rules. - (1) Make contracts. (2) Sue and be sued. (3) Adopt,...
Section 723.156 - Exercise of powers of federal credit union. - (2) Notwithstanding any other provision of law, in addition to...
Section 723.172 - Credit union membership; rules. - (a) "Organization" means a corporation, limited liability company, partnership or...
Section 723.196 - Meeting of members; mail or electronic ballots. - (2) At meetings described in subsection (1) of this section,...
Section 723.202 - Withdrawal and expulsion of members; request for reinstatement. - (a) Has not carried out the member’s engagements with the...
Section 723.252 - Election of directors and appointment of credit committee and credit manager. - (2) The board of directors shall appoint a supervisory committee...
Section 723.262 - Vacancies. - (2) If a vacancy occurring in the board reduces the...
Section 723.276 - Executive officers. - (2) The terms of the officers are one year, unless...
Section 723.296 - Duties of directors; delegation of duties. - (2) The board shall: (a) Establish the requirements for membership...
Section 723.312 - Loan officers. - (2) Loan applications not approved by a loan officer may...
Section 723.322 - Duties of supervisory committee; verification of member accounts; rules. - (2) The supervisory committee shall cause the accounts of the...
Section 723.326 - Suspension and removal of officials; restrictions on service as director. - (2) The board may remove any member of the supervisory...
Section 723.338 - Duty to notify law enforcement officers of violations of Oregon Credit Union Act; investigations; costs. - (2) If the matter is referred to the Attorney General...
Section 723.402 - Shares. - (2) A certificate need not be issued to denote ownership...
Section 723.406 - Dividends. - (2) Subject to the approval of the board of directors,...
Section 723.412 - Deposit and deposit certificate accounts; interest; priority. - (2) Deposit and deposit certificate accounts differ from shares and...
Section 723.434 - Share draft accounts. - (2) As used in this section: (a) "Share draft" means...
Section 723.460 - Reduction in shares. - (2) If the credit union thereafter realizes from such assets...
Section 723.466 - Disposition of deposit on death of depositor. - (a) To the surviving spouse on demand of the surviving...
Section 723.468 - Adverse claim to deposit; notice; restraining order or other process; indemnity bond or letter of credit. - (a) Procures a restraining order, injunction or other appropriate process...
Section 723.474 - Definitions for ORS 723.474 to 723.498. - (1) "Account" means a contract of deposit of funds between...
Section 723.478 - Ownership of multiple-party accounts. - (2) A P.O.D. account belongs to the original party during...
Section 723.480 - Multiple-party accounts; disposition of deposit upon death of party or trustee; effect of will. - (2) If the account is a P.O.D. account: (a) Upon...
Section 723.488 - Joint account; payment to any party to account; payment to others. - (1) Proof of death is presented to the credit union,...
Section 723.512 - Loan limit; exception. - (2) The restrictions in subsection (1) of this section do...
Section 723.526 - Other loan programs. - (2) A credit union may participate in guaranteed loan programs...
Section 723.532 - Loans to credit union officials; waiver; rules. - (2) A credit union may make a loan to a...
Section 723.572 - Insurance for members. - (2) A credit union may enter into cooperative marketing arrangements...
Section 723.582 - Share and deposit insurance. - (2) The director may make available condition and examination reports...
Section 723.602 - Investment of funds; rules. - (1) Securities, obligations or other instruments of or issued by...
Section 723.631 - Regular reserve; reserve for loan losses; rules. - (a) Minimum net worth requirements for credit unions; and (b)...
Section 723.636 - Charges to regular reserve. - (2) An authorization may be made under subsection (1) of...
Section 723.646 - Special reserves; purpose. - (a) When required by rule; or (b) When found by...
Section 723.672 - Suspension; revocation of charter. - (2) Upon receipt of the suspension notice, the credit union...
Section 723.676 - Liquidation. - (2) The board of directors shall adopt a resolution recommending...
Section 723.682 - Merger; opposition to merger. - (b) The director may approve a merger without regard to...
Section 723.686 - Conversion of charter. - (2) A credit union chartered under the laws of the...
Section 723.706 - Membership. - (1) Credit unions organized and operating under this chapter or...
Section 723.716 - Additional rights and powers. - (2) A central credit union may make loans to other...
Section 723.730 - Corporate central credit union; membership; rights and powers; rules. - (1) It shall be exempt from the regular reserve requirements...
Section 723.816 - Prohibited acts. - (a) With intent to deceive, falsify any book of account,...
Section 723.822 - Cease and desist orders; contents; effective date; removal or suspension. - (a) The director may issue an order to cease and...
Section 723.830 - Regulation of services performed for credit union. - (1) Check and deposit sorting and posting. (2) Computation and...
Section 723.836 - Effect of amendment or repeal of Oregon Credit Union Act. - (2) The repeal of a previous law by section 88,...
Section 723.840 - Limitation on personal liability for good faith act or omission or exercise of judgment or discretion; reliance on information or reports; causes of action. - (2) A director or officer of a credit union is...
Section 723.844 - Procedures for opening safe deposit box after death of person who was sole lessee or last surviving lessee of box. - (2) Subject to ORS 114.537, upon being furnished with a...
Section 723.992 - Criminal penalties. - (2) Violation of ORS 723.816 (2) is a Class A...
Section 723.995 - Civil penalties. - (2) In addition to the civil penalty provided by subsection...