Oregon Revised Statutes Chapter 716 § 716.210 — Number
Oregon Revised Statutes Chapter 716 ·
Oregon Code § 716.210·Enacted ·Last updated March 01, 2026
Statute Text
Number
and qualifications of directors.
(1) The board of directors of an Oregon savings bank shall manage and control
the affairs of the Oregon savings bank. The board shall consist of not fewer
than five members.
(2) A person
shall not be a director of an Oregon savings bank if the person:
(a) Has been
adjudicated a bankrupt, taken the benefit of any insolvency law or made a
general assignment for the benefit of creditors within the 10 years immediately
prior to the persons election as a director.
(b) Has allowed a
judgment recovered against the person for a sum of money to remain unsatisfied
of record or unsecured on appeal for a period of more than three months. [Amended
by 1961 c.278 §1; 1971 c.219 §1; 1973 c.797 §360; 1983 c.37 §26; 1985 c.786 §47;
1997 c.631 §345]
Plain English Explanation
This Oregon statute addresses Number
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 716.210
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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