ORS 714.045¹
Establishment of foreign branches
  • • furnishing information
  • • examination
  • • rules

(1) A banking institution may establish branches in foreign countries or dependencies or insular possessions of the United States in accordance with ORS 714.025 (Notice required to establish branches in Oregon or outside of Oregon) if it possesses stockholder’s equity of at least $1 million.

(2) A banking institution operating such branches shall furnish information concerning the condition of the branches to the Director of the Department of Consumer and Business Services upon demand.

(3) The director may order special examinations of such branches.

(4) The director may promulgate rules regarding such branches pursuant to ORS 183.310 (Definitions for chapter), 183.315 (Application of provisions of chapter to certain agencies), 183.330 (Description of organization), 183.335 (Notice), 183.341 (Model rules of procedure) and 183.410 (Agency determination of applicability of rule or statute to petitioner). [1997 c.631 §315]

Chapter 714

Notes of Decisions

This chapter does not specifically deal with the opera­tion of independent automated branch banks by state banks, therefore they are not permitted. Independent Bankers of Ore. v. Camp, 357 F Supp 1352 (1973)

Atty. Gen. Opinions

Applicability of licensing and registra­tion require­ments under Bank Act to loan solicita­tion office operating in Oregon, (1985) Vol. 44, p 378

1 Legislative Counsel Committee, CHAPTER 714—Branch Banking; Automated Teller Machines, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors714.­html (2019) (last ac­cessed May 16, 2020).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2019, Chapter 714, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano714.­html (2019) (last ac­cessed May 16, 2020).
 
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