Oregon Code § 713.016·Enacted ·Last updated March 01, 2026
Statute Text
Requirements for conducting banking business; deposit insurance.
(1) An out-of-state bank may not
conduct banking business in this state unless the Federal Deposit Insurance
Corporation insures the out-of-state banks insurable deposits and the
out-of-state bank has received a certificate of authority to conduct banking
business pursuant to ORS 713.020 and 713.140 to 713.160.
(2) An
extranational institution may not conduct banking business in this state unless
the extranational institution complies with the requirements of ORS 713.025.
This subsection and ORS 713.025 do not apply to an extranational institution
that has a branch office in this state and was lawfully conducting banking
business on December 31, 1966. [1973 c.797 §309; 1975 c.725 §10; 1997 c.631 §286;
2011 c.263 §3]
Plain English Explanation
This Oregon statute addresses Requirements for conducting banking business; deposit insurance. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 713.016
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Requirements for conducting banking business; deposit insurance. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 713.016. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.