Minimum capital or expense fund and pledged savings accounts
(1) When the Director of the Department of Consumer and Business Services issues a certificate of incorporation for a new association, the director shall include in the certificate, as conditions that must be met prior to the issuance of a certificate of authority to do business, requirements that in the opinion of the director will justify the initial successful operation of the association. Requirements in the certificate of a new association shall include, but need not be limited to:
(a) The minimum amount of stated capital and capital surplus that must be subscribed and paid in to a new stock association; or
(b) The minimum expense fund that must be paid in to a new mutual association; and
(c) The minimum number and value of savings accounts that must be subscribed and pledged to a mutual or stock association upon issuance to it of a certificate of authority.
(2) All payments required by this section shall be in lawful money of the United States. [1975 c.582 §45]
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