Oregon Statutes 713.140 – 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:
Terms Used In Oregon Statutes 713.140
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Service of process: The service of writs or summonses to the appropriate party.
(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 bank’s name as an assumed business name as provided in ORS Chapter 648. [1989 c.324 § 59; 1997 c.631 § 295; 2011 c.263 § 7]