Oregon Code § 714.045·Enacted ·Last updated March 01, 2026
Statute Text
Establishment
of foreign branches; furnishing information; examination; rules.
(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 stockholders
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]
Plain English Explanation
This Oregon statute addresses Establishment
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 714.045
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Establishment
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