Oregon Statutes - Chapter 705 - Department of Consumer and Business Services - Section 705.638 - “Company” defined; organization requirements for companies conducting banking business or savings and loan business.

(1) For purposes of this section, “company” means a corporation, nonprofit corporation, cooperative, limited liability company, partnership, limited liability partnership, limited partnership, business trust, association or other business entity.

(2) A company organized under the laws of this state for the purposes of conducting a banking business as defined in ORS 706.005 (6) either within or outside this state shall be organized under ORS chapter 707.

(3) A company organized under the laws of this state to transact savings and loan business as defined in ORS 722.004 (25) either within or outside this state shall be organized under ORS chapter 722. [2001 c.315 §44]

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Last modified: August 7, 2008