Oregon nonstock bank definition

Oregon nonstock bank means a state nonstock bank or savings bank, the home state of which is Oregon.
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Oregon nonstock bank means a [state] nonstock bank or savings bank, the home
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Oregon nonstock bank means a state nonstock bank, the home state of which is
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Examples of Oregon nonstock bank in a sentence

  • If the Oregon savings bank is to be organized as an Oregon nonstock bank, the articles of incorporation shall conform to the provisions set forth in ORS 716.040.

  • A list of the directors and officers elected.(2) If, upon examination, the director de- termines that the Oregon nonstock bank has complied with the applicable requirements of ORS 716.028 to 716.070, the director shall is- sue to the Oregon nonstock bank a charter to do business as an Oregon nonstock bank under this chapter.

  • The debt is secured by a first mort- gage upon real estate and is carried as an asset at the amount of the debt secured by the mortgage or at the actual fair market value of the real estate as determined by written appraisal made by a certified ap- praiser and approved by the board of the Or- egon nonstock bank and filed with the Oregon nonstock bank, whichever is smaller.[Amended by 1973 c.797 §387; 1997 c.631 §354; 2003 c.576§551] 716.800 Repayment of contributions made to expense fund and guaranty fund.

  • An Oregon nonstock bank may issue certificates of deposit and agree to pay divi- dends on the amounts deposited at a rate specified in the certificate for the entire term of the certificate.

  • The articles of incorporation of an Or- egon nonstock bank may be amended by a resolution adopted by a majority of the di- rectors of the Oregon nonstock bank.

  • To determine the amount of a guaranty fund of an Oregon nonstock bank, the total liabilities due and accrued, undivided profits and net earnings since the last declaration of dividends shall be subtracted from the total assets.

  • Real estate shall not be estimated above cost unless its fair market value has been determined by written appraisal made by a certified appraiser and approved by the board of the Oregon nonstock bank, in which case the real estate may be carried at the fair market value determined by the ap- praisal.

  • Assets that have been disallowed by the Director of the Department of Consumer and Business Services or the directors of the Oregon nonstock bank; (B) Debts owed to an Oregon nonstock bank that have remained due and upon which no interest has been paid for more than one year; and (C) Debts on which a judgment has been recovered which has remained unsatisfied for more than two years.

  • In the case of an Oregon nonstock bank, the incorporators have made the de- posit of the:(A) Initial guaranty fund required by ORS 716.060.(B) Expense fund required by ORS 716.070, and, if the director so requires, have entered into the agreement or undertaking with the director and filed the agreement and the security therefor as prescribed in ORS 716.070.

  • Securities, other evidences of indebt- edness and other interest-bearing obligations shall be carried at a sum, not to exceed their cost to the Oregon nonstock bank, calculated according to accepted principles of account- ing.


More Definitions of Oregon nonstock bank

Oregon nonstock bank means a state nonstock bank or
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Oregon nonstock bank means a nonstock bank or savings
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Related to Oregon nonstock bank

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