Oregon Statutes - Chapter 707 - Organization to Conduct Banking Business; Stockholders, Directors and Officers - Section 707.195 - Offering documents for sale of stock; approval by director.

At or after the time the articles of incorporation are submitted for filing, the incorporators shall submit the proposed offering documents for the sale of the banking institutionís stock to the Director of the Department of Consumer and Business Services for review. No subscriptions for stock in the institution or Oregon stock savings bank may be accepted prior to the date on which the director approves the offering documents. [1997 c.631 §46]

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Last modified: August 7, 2008