(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