The certificate of authority of an out-of-state state bank or extranational institution to conduct banking business in this state may be revoked when:
(1) The out-of-state state bank or extranational institution has not filed any report which it is required to file under the Bank Act or has not paid any fee which it is required to pay under the Bank Act;
(2) The out-of-state state bank or extranational institution has failed to appoint or maintain a registered agent or office in this state as required by ORS 713.170 or has failed to maintain authority to transact business as required by ORS 713.140 (3);
(3) The out-of-state state bank or extranational institution has changed its registered office or registered agent and has failed to submit to the Director of the Department of Consumer and Business Services a statement of the change as required by ORS 713.200 (1);
(4) A misrepresentation has been made of any material matter in any application, report, affidavit or other document submitted by such out-of-state state bank or extranational institution pursuant to the Bank Act;
(5) The out-of-state state bank or extranational institution has failed to submit for filing an application to amend its certificate of authority as required by ORS 713.200 (2); or
(6) The out-of-state state bank or extranational institution has failed to submit for filing a certificate of merger or consolidation as required by ORS 713.260. [1989 c.324 §68; 1997 c.631 §303]
Section: Previous 713.160 713.170 713.180 713.190 713.200 713.210 713.220 713.230 713.240 713.250 713.260 713.270 713.280 713.290 713.300 NextLast modified: August 7, 2008