ORS 713.016
Requirements for conducting banking business

  • deposit insurance

(1)

An out-of-state bank may not conduct banking business in this state unless the Federal Deposit Insurance Corporation insures the out-of-state bank’s insurable deposits and the out-of-state bank has received a certificate of authority to conduct banking business pursuant to ORS 713.020 (Certificate of authority to conduct banking business) and 713.140 (Contents of application for certificate of authority) to 713.160 (Conduct of banking business under certificate of authority).

(2)

An extranational institution may not conduct banking business in this state unless the extranational institution complies with the requirements of ORS 713.025 (Assets requirement for extranational institutions). This subsection and ORS 713.025 (Assets requirement for extranational institutions) do not apply to an extranational institution that has a branch office in this state and was lawfully conducting banking business on December 31, 1966. [1973 c.797 §309; 1975 c.725 §10; 1997 c.631 §286; 2011 c.263 §3]

Source: Section 713.016 — Requirements for conducting banking business; deposit insurance, https://www.­oregonlegislature.­gov/bills_laws/ors/ors713.­html.

Green check means up to date. Up to date

Current through early 2024

§ 713.016’s source at oregon​.gov