ORS 722.446¹
Authority to establish branch facility
  • approval of director required to change location of branch or principal office
  • applicability of ORS 722.448 and 722.452

(1) The board of directors of a savings association may, with the approval of the Director of the Department of Consumer and Business Services, establish a branch facility. An association shall not change the location of a branch facility or the principal office of the association without prior notice to and approval of the director.

(2) Except for the filing fee required under ORS 722.448 (Application for approval to establish branch or change location of branch), ORS 722.448 (Application for approval to establish branch or change location of branch) and 722.452 (Approval of branch application) shall not apply to a change of location of an existing branch facility or principal office when the distance involved is less than one mile, nor shall ORS 722.448 (Application for approval to establish branch or change location of branch) and 722.452 (Approval of branch application) apply to the establishment of a drive-in facility or an automatic teller machine within 500 feet of an existing branch facility or principal office as an adjunct to the branch facility or principal office. [1975 c.582 §122; 1981 c.472 §22]

1 Legislative Counsel Committee, CHAPTER 722—Savings Associations, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­722.­html (2007) (last ac­cessed Feb. 12, 2009).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
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