Chapter 722 Savings Associations

General Provisions

§ 722.004 Definitions
§ 722.008 Purposes

Formation, Organization, Voluntary Corporate Changes

Formation and Organization of Association

§ 722.012 Authorization to transact business required
§ 722.014 Name of savings association
§ 722.016 Incorporation
§ 722.018 Articles of incorporation
§ 722.022 Application for incorporation
§ 722.024 Investigation of application
  more...

Voluntary Corporate Changes

§ 722.056 Conversion from domestic association to federal or foreign association or Oregon savings bank
§ 722.058 Conversion of federal or foreign mutual association or savings bank to domestic mutual association
§ 722.062 Conversion of federal or foreign mutual association or savings bank to domestic stock association
§ 722.064 Rules and supervision standards in conversions
§ 722.066 Approval of conversion by members
§ 722.068 Effect of conversion
  more...

Corporate Administration

Directors; Officers; Members; Borrowers

§ 722.102 Directors' responsibility
§ 722.104 Operating and employment contracts
§ 722.106 Bonds and insurance coverage
§ 722.107 Fund in lieu of bonds and insurance coverage
§ 722.108 Fiduciary relationship of directors, officers and employees
§ 722.112 Indemnification or reimbursement of director, officer, employee or agent
  more...

Stock; Dividends and Earnings; General Reserve and Net Worth Accounts

§ 722.132 Payment for stock issued by a stock association
§ 722.134 Sale or transfer of stock
§ 722.136 Ascertainment of earnings
§ 722.138 Conditions for payment of dividends, distribution of earned surplus
§ 722.142 General reserve account for losses and net worth requirements

Miscellaneous

§ 722.152 Membership fees prohibited
§ 722.154 Publication of financial statements
§ 722.156 Records
§ 722.162 Conduct of business on holidays
§ 722.164 Sharing of information on customers by savings associations and related companies

General Powers

§ 722.202 General powers of associations
§ 722.204 Associations may be granted powers of federal associations
§ 722.206 Power of association to borrow
§ 722.208 Capital notes and debentures
§ 722.212 Trust business powers
§ 722.214 Acting as trustee or custodian under Employee Retirement Income Security Act of 1974

Savings Operations

§ 722.252 Account holders as creditors of association
§ 722.254 Savings accounts
§ 722.256 Withdrawal from savings accounts
§ 722.257 Time period for drawing on item deposited in savings or federal association
§ 722.258 Payment of accounts of minors and persons under disability
§ 722.262 Payment of savings account or demand deposit account on death of holder
  more...

Investment Operations

Investment Powers

§ 722.302 Minimum liquid assets
§ 722.304 Permitted investments
§ 722.306 "Prudent person" investment rule
§ 722.308 Investment in service corporations
§ 722.309 Service corporations undertaking public projects
§ 722.311 Proposal to invest in or organize service corporation for public projects
  more...

Loans

§ 722.322 Real estate loans
§ 722.324 Appraisal of property prior to loan
§ 722.326 Real estate loans in excess of 95 percent of appraised value
§ 722.328 Loans to account holders
§ 722.332 Loans secured by life insurance policies
§ 722.334 Secured and unsecured loans related to real property
  more...

General Provisions

§ 722.352 Participation, insured or guaranteed loans
§ 722.354 Maximum loans to one person or on one property
§ 722.356 Types of investments and loans limited

Supervision and Enforcement

Supervision

§ 722.408 Rules
§ 722.416 Publication of statutes, rules and opinions
§ 722.419 Public inspection of records of department pertaining to this chapter
§ 722.432 Communications from director
§ 722.434 Financial statements and audits
§ 722.436 Examinations by director
  more...

Enforcement

§ 722.462 Enforcement generally
§ 722.464 Cease and desist orders
§ 722.468 Removal of association officer or employee

Conservatorship

§ 722.474 Appointment of conservator
§ 722.476 Powers of conservator
§ 722.478 Acquiring possession of contents of safety deposit vaults, safes and boxes
§ 722.482 Contest of conservatorship appointment by association officers
§ 722.484 Correction of alleged wrongdoings by unimpaired association

Foreign Associations

§ 722.502 Certificate of authority required to transact business in Oregon
§ 722.504 Application for certificate of authority
§ 722.506 Issuance of certificate to foreign association
§ 722.508 Law applicable to contracts
§ 722.512 Applicability of Business Corporation Act
§ 722.514 Prohibition against operation of certain foreign associations
  more...

Fees and Charges

§ 722.602 Filing fees
§ 722.606 Annual fees paid by savings associations

Miscellaneous

§ 722.652 Effect of laws on existing associations
§ 722.654 Reserve fund associations redesignated stock associations
§ 722.656 Certain outstanding shares, share accounts and investment certificates considered savings accounts
§ 722.658 Limitation on personal liability for good faith acts or omissions
§ 722.660 Procedures for opening safe deposit box after death of person who was sole lessee or last surviving lessee of box

Penalties

§ 722.991 Civil penalties
Source:
Legislative Counsel Committee, CHAPTER 722—Savings Associations, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors722.­pdf (2007) (last ac­cessed Feb. 12, 2009). Currency Information