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2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Chapter 714 - Branch Banking; Automated Teller Machines
Section 714.045 - Establishment of foreign branches; furnishing information; examination; rules.
Universal Citation:
OR Rev Stat § 714.045 (2021)
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(1) A banking institution may establish branches in foreign countries or dependencies or insular possessions of the United States in accordance with ORS 714.025 if it possesses stockholder’s equity of at least $1 million.
(2) A banking institution operating such branches shall furnish information concerning the condition of the branches to the Director of the Department of Consumer and Business Services upon demand.
(3) The director may order special examinations of such branches.
(4) The director may promulgate rules regarding such branches pursuant to ORS 183.310, 183.315, 183.330, 183.335, 183.341 and 183.410. [1997 c.631 §315]
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