(1) Any licensee, authorized delegate or other person that knowingly engages in the money transmission business under ORS 717.200 to 717.320, 717.900 and 717.905, with or without filing a license application, is considered to have:
(a) Consented to the jurisdiction of the courts of this state for all actions arising under ORS 717.200 to 717.320, 717.900 and 717.905; and
(b) Appointed the Director of the Department of Consumer and Business Services as the licenseeís, delegateís or personís lawful agent for the purpose of accepting service of process in any action, suit or proceeding that may arise under ORS 717.200 to 717.320, 717.900 and 717.905.
(2) Within three business days after service of process upon the director, the director shall transmit by certified mail copies of all lawful process accepted by the director as an agent to the person for whom service of process is accepted at the personís last known address. Service of process shall be considered complete three business days after the director deposits copies of the documents in the United States mail. [1999 c.571 §26]Section: Previous 717.270 717.275 717.280 717.285 717.290 717.295 717.300 717.305 717.310 717.315 717.320 717.900 717.905 717.910 717.990 Next
Last modified: August 7, 2008