Oregon Statutes - Chapter 707 - Organization to Conduct Banking Business; Stockholders, Directors and Officers - Section 707.680 - Special board meetings called by director; penalty for failure to attend.

(1) The Director of the Department of Consumer and Business Services may call a meeting of the board of directors of any banking institution by mailing a notice of the meeting to each director. The notice shall state the purpose of the meeting and designate the time and place where the meeting shall be held.

(2) A director who fails to appear at the meeting without proper cause is subject to a penalty of up to $1,000 for each meeting the director fails to attend. The penalty shall be collected in the manner prescribed by ORS 706.570. [Amended by 1973 c.797 §91; 1997 c.631 §97]

Section:  Previous  707.646  707.648  707.650  707.660  707.665  707.670  707.675  707.680  707.690  707.700  707.705  707.710  707.720  707.730  707.735  Next

Last modified: August 7, 2008