(1) An out-of-state bank may occupy and maintain its initial branches in this state if and only if the branches are acquired by the out-of-state bank in accordance with ORS chapters 711 and 713.
(2) An out-of-state bank that is properly occupying and maintaining one or more branches in Oregon in accordance with ORS chapters 711 and 713 may thereafter open, occupy and maintain one or more additional branches in this state. The out-of-state bank shall not be required to file an application under ORS 714.025 to establish such additional branches.
(3) An out-of-state bank that acquires branches in accordance with ORS chapters 711 and 713 shall be entitled to exercise powers and engage in activities at its branches in this state as provided in ORS 713.010 and applicable federal law. [1997 c.631 §324]
Section: Previous 714.065 714.069 714.070 714.075 714.079 714.080 714.090 714.095 714.100 714.105 714.110 714.120 714.130 714.133 714.135 NextLast modified: August 7, 2008