Oregon Statutes 714.045 – Establishment of foreign branches; furnishing information; examination; rules
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(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 stockholder’s equity of at least $1 million.
Terms Used In Oregon Statutes 714.045
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
(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]