Oregon Revised Statutes Chapter 713 § 713.140 — Contents of application for certificate of authority; rules; authority to
Oregon Revised Statutes Chapter 713 ·
Oregon Code § 713.140·Enacted ·Last updated March 01, 2026
Statute Text
Contents of application for certificate of authority; rules; authority to
transact business under other laws.
(1) To procure a certificate of authority to conduct banking business in this
state, an out-of-state bank or extranational institution shall apply to the
Director of the Department of Consumer and Business Services. The application
must state:
(a) The name, in
accordance with the provisions of ORS 713.130.
(b) The state or
country under the laws of which the out-of-state bank or extranational
institution is organized.
(c) The date of
organization.
(d) The period of
duration of the out-of-state bank or extranational institution, if the duration
is not perpetual.
(e) A mailing
address to which the director may send notices.
(f) The address
of the main office of the out-of-state bank or extranational institution in the
state or country under the laws of which the out-of-state bank or extranational
institution is organized.
(g) The name of
the proposed registered agent and the street address in this state of the
proposed registered office that will receive service of process for the
out-of-state bank or extranational institution.
(h) The names and
addresses of the president and secretary of the out-of-state bank or
extranational institution.
(i) Additional
information that the director by rule requires.
(2) The director
may prescribe and furnish forms for the application. The president or a vice
president and secretary or an assistant secretary of the out-of-state bank or
extranational institution shall sign the application.
(3) The
out-of-state bank or extranational institution shall also take the steps
necessary to become authorized to transact business:
(a) If a
corporation, as a foreign corporation under ORS chapter 60;
(b) If a limited
partnership, as a foreign limited partnership under ORS chapter 70;
(c) If a limited
liability company, as a foreign limited liability company under ORS chapter 63;
or
(d) If a business
trust, as a business trust under ORS 128.560 to 128.600.
(4) If the
out-of-state bank is an unincorporated company, partnership or association, the
out-of-state bank shall register the out-of-state banks name as an assumed
business name as provided in ORS chapter 648. [1989 c.324 §59; 1997 c.631 §295;
2011 c.263 §7]
Plain English Explanation
This Oregon statute addresses Contents of application for certificate of authority; rules; authority to
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 713.140
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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