OAR 441-505-3050: Guidelines for Exceeding Restrictions on Ownership of Real and Personal Property Used in Business
Edition: Current OARD snapshotEffective: 1998-03-31Last verified: 2026-09-07
(1) A request for authorization to exceed the limitations of ORS 708A.560 shall contain: (a) Details of the proposal; (b) The reasons relied on for exceeding the limitations; (c) An asset utilization plan which is consistent with the institution’s business plan; and (d) Such additional information required by the Director. (2) The Director shall also consider the capital adequacy, liquidity, profitability, cash flow and management capabilities in determining whether the proposal is prudent and reasonable.
Official history and status
Statutory/Other Authority: ORS 708A.560
Statutes/Other Implemented: ORS 708A.560
History: FCS 1-1998, f. & cert. ef. 3-31-98, Renumbered from 441-580-0080 BB 4-1978, f. 7-18-78, cert. ef. 7-20-78, Renumbered from 805-024-0160
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Official source: https://secure.sos.state.or.us/oard/