Oregon Statutes - Chapter 713 - Out-of-State Banks and Extranational Institutions - Section 713.010 - Application of Bank Act to out-of-state banks and extranational institutions; powers of out-of-state bank.

(1) Every activity engaged in by every out-of-state bank and extranational institution conducting a banking business in this state is subject to all of the applicable provisions of the Bank Act.

(2) An out-of-state state bank that opens, occupies or maintains a branch in this state pursuant to and in accordance with the requirements of ORS 713.270 and that has been issued a certificate of authority by the Director of the Department of Consumer and Business Services to conduct a banking business in this state pursuant to ORS 713.020, and 713.140 to 713.160, shall have the same powers to engage in any activity in this state as permitted to the out-of-state state bank under the laws of its home state, except that an out-of-state state bank may not transact trust business in this state unless it complies with ORS chapter 709. When there is a conflict between the provisions of this chapter and the provisions of the laws of the home state of the out-of-state state bank, the laws of that home state control. [Amended by 1965 c.170 §2; 1967 c.333 §1; 1973 c.797 §307; 1975 c.725 §8; 1979 c.88 §13; 1997 c.631 §283]

Section:  713.010  713.011  713.012  713.016  713.020  713.025  713.030  713.035  713.040  713.045  713.050  713.060  713.070  713.080  713.090  Next

Last modified: August 7, 2008