Oregon Revised Statutes Chapter 716 § 716.630 — Real
Oregon Revised Statutes Chapter 716 ·
Oregon Code § 716.630·Enacted ·Last updated March 01, 2026
Statute Text
Real
estate held for use as place of business.
(1) The cost of the land and buildings to be used by
an Oregon nonstock bank for the transaction of its business shall not exceed:
(a) 50 percent of
the guaranty fund and undivided profits account of the Oregon nonstock bank; or
(b) 50 percent of
the capital, as defined in ORS 708A.290, of the Oregon stock savings bank.
(2) The Director
of the Department of Consumer and Business Services may approve an amount in
excess of the limitation prescribed under subsection (1) of this section if the
director finds that an excess amount is reasonably necessary for the operation
of the business and does not adversely affect the public interest. [Amended by
1971 c.219 §8; 1973 c.797 §382; 1997 c.631 §352]
Plain English Explanation
This Oregon statute addresses Real
. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 716.630
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Real
. 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 § 716.630. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.