ORS 705.638: “Company” defined; organization requirements for companies conducting banking business.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1) For purposes of this section, “company” means a corporation, nonprofit corporation, cooperative, limited liability company, partnership, limited liability partnership, limited partnership, business trust, association or other business entity. (2) A company organized under the laws of this state for the purposes of conducting a banking business as defined in ORS 706.005 (6) either within or outside this state shall be organized under ORS chapter 707. [2001 c.315 §44; 2009 c.541 §26]
This rule cites
- ORS 706.005 — resolved
- ORS chapter 707 — target_record_not_published
Cited by
- ORS 56.080: Withdrawal of certificates issued and filings accepted; explanatory statement; withdrawal from filing.
- ORS 705.640: Enforcement authority regarding conduct of banking business; court order; cease and desist order; civil penalty.
- ORS 705.642: Injunction authority regarding conduct of banking business; penalty; attorney fees; claims for restitution, damages or disgorgement of illegal gains.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors705.html