2011 Oregon Revised Statutes
ORS Volume 16, Chapters 705 - 752
ORS Chapter 714
714.095 Establishment of branches by out-of-state banks in this state; powers and activities at branches.
(1) An out-of-state bank may occupy and maintain its initial branches in this state if and only if the branches are acquired by the out-of-state bank in accordance with ORS chapters 711 and 713.
(2) An out-of-state bank that is properly occupying and maintaining one or more branches in Oregon in accordance with ORS chapters 711 and 713 may thereafter open, occupy and maintain one or more additional branches in this state. The out-of-state bank shall not be required to file an application under ORS 714.025 to establish such additional branches.
(3) An out-of-state bank that acquires branches in accordance with ORS chapters 711 and 713 shall be entitled to exercise powers and engage in activities at its branches in this state as provided in ORS 713.010 and applicable federal law. [1997 c.631 324]
Disclaimer: These codes may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
