Real and personal property used in institution’s business
(1) Real estate, furniture, fixtures, vaults and safe deposit boxes necessary or convenient for the operation of an institution’s business shall be carried on the books of the institution in an amount not to exceed 50 percent of its capital, as defined in ORS 708A.290 ("Capital" defined for ORS 708A.290 to 708A.375).
(2) Within guidelines established by rules promulgated under ORS 183.310 (Definitions for chapter), 183.315 (Application of provisions of chapter to certain agencies), 183.330 (Description of organization), 183.335 (Notice) and 183.341 (Model rules of procedure) to 183.410 (Agency determination of applicability of rule or statute to petitioner) the Director of the Department of Consumer and Business Services may authorize an institution to exceed the limitations prescribed in this section.
(3) Personal property acquired for lease to others in accordance with ORS 708A.180 (Acquisition of personal property for leasing purposes) is not subject to the limitations of this section. [1997 c.631 §187]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information