(1) To procure a certificate of authority to conduct banking business in this state, an out-of-state state bank or extranational institution shall apply to the Director of the Department of Consumer and Business Services. The application shall state:
(a) The name as designated under ORS 713.130.
(b) The state or country under the laws of which the out-of-state state bank or extranational institution was organized.
(c) The date of organization.
(d) The period of duration of the out-of-state state bank or extranational institution, if the duration is not perpetual.
(e) A mailing address to which the director may send notices.
(f) The address of the main office of the out-of-state state bank or extranational institution in the state or country under the laws of which it is organized.
(g) Unless the out-of-state state bank or extranational institution is a corporation, limited partnership, limited liability company or business trust, the street address of the proposed registered office of the institution in this state, and the name of its proposed registered agent, who shall be amenable to service of process at the address.
(h) The names and respective addresses of the president and secretary of the out-of-state state bank or extranational institution.
(i) Any additional information that the director may by rule require.
(2) The director may prescribe and furnish forms for the application. The president or a vice president and secretary or an assistant secretary of the out-of-state state bank or extranational institution shall sign the application.
(3) The out-of-state state bank or extranational institution shall also take the steps necessary to become authorized to transact business:
(a) If a corporation, as a foreign corporation under ORS chapter 60;
(b) If a limited partnership, as a foreign limited partnership under ORS chapter 70;
(c) If a limited liability company, as a foreign limited liability company under ORS chapter 63; or
(d) If a business trust, as a business trust under ORS 128.560 to 128.600.
(4) If the out-of-state state bank is an unincorporated company, partnership or association, it shall register its name as an assumed business name as provided in ORS chapter 648. [1989 c.324 §59; 1997 c.631 §295]
Section: Previous 713.070 713.080 713.090 713.100 713.110 713.120 713.130 713.140 713.150 713.160 713.170 713.180 713.190 713.200 713.210 NextLast modified: August 7, 2008