Oregon Revised Statutes Chapter 707 § 707.680 — Special board meetings called by director; penalty for failure to attend
Oregon Revised Statutes Chapter 707 ·
Oregon Code § 707.680·Enacted ·Last updated March 01, 2026
Statute Text
Special board meetings called by director; penalty for failure to attend.
(1) The Director of the Department
of Consumer and Business Services may call a meeting of the board of directors
of any banking institution by mailing a notice of the meeting to each director.
The notice shall state the purpose of the meeting and designate the time and
place where the meeting shall be held.
(2) A director
who fails to appear at the meeting without proper cause is subject to a penalty
of up to $1,000 for each meeting the director fails to attend. The penalty
shall be collected in the manner prescribed by ORS 706.570. [Amended by 1973
c.797 §91; 1997 c.631 §97]
Plain English Explanation
This Oregon statute addresses Special board meetings called by director; penalty for failure to attend. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 707.680
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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