Oregon Organization to Conduct Banking Business; Stockholders, Directors and Officers
ORS 707.020
Violation of ORS 707.005 or 707.010; investigation; injunction


(1)

The Director of the Department of Consumer and Business Services may examine the accounts, books and papers of every person the director has reasonable cause to believe is violating any provision of ORS 707.005 (Organization required to engage in banking or trust business) or 707.010 (Certificate required to transact banking business).

(2)

When the director believes, from evidence satisfactory to the director, that any person is violating the provisions of ORS 707.005 (Organization required to engage in banking or trust business) or 707.010 (Certificate required to transact banking business), the director may cause a complaint to be filed in the circuit court of the county in which the person conducts business to enjoin and restrain the person from continuing the violation. The court shall have jurisdiction of the proceeding and may make and enter an order or judgment awarding such preliminary or final injunctive relief as in its judgment is proper. [Amended by 1973 c.797 §52; 1997 c.631 §31]
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Last accessed
May. 15, 2020