(1) An out-of-state state bank shall not conduct banking business in this state unless its insurable deposits are insured by the Federal Deposit Insurance Corporation and the out-of-state state bank has received a certificate of authority to conduct banking business pursuant to ORS 713.020 and 713.140 to 713.160.
(2) Unless it complies with the requirements of ORS 713.025, an extranational institution shall not conduct banking business in this state. This subsection and ORS 713.025 do not apply to any extranational institution having a branch office in this state and lawfully conducting banking business on December 31, 1966. [1973 c.797 §309; 1975 c.725 §10; 1997 c.631 §286]
Section: Previous 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 NextLast modified: August 7, 2008