Oregon Statutes - Chapter 713 - Out-of-State Banks and Extranational Institutions - Section 713.150 - Submission of application; fee; issuance of certificate of authority.

(1) The out-of-state state bank or extranational institution shall submit the application for a certificate of authority, together with an application fee of $500, to the Director of the Department of Consumer and Business Services for filing. The out-of-state state bank or extranational institution shall also deliver with the completed application a certificate of existence or a document of similar import, duly authenticated by the official with custody of records in the state or country under whose law it is organized and a copy of the documents filed to comply with ORS 713.140 (3) evidencing filing of such documents by the Secretary of State.

(2) If the director finds that such application conforms to this chapter, the director, when all fees and charges have been paid, shall issue and return to the sender a certificate of authority to conduct banking business in this state with the copy of the filed application. [1989 c.324 §60; 1997 c.631 §296]

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Last modified: August 7, 2008