(1) An out-of-state bank or extranational institution that applies to withdraw from this state under ORS § 713.210 must deliver the application to the Director of the Department of Consumer and Business Services. If the director finds that the application conforms to the provisions of this chapter, the director, when all fees and charges have been paid, shall file the application to withdraw and return the copy marked ‘Filed’ to the sender.

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(2) The authority of the out-of-state bank or extranational institution to conduct banking business in this state ceases when the application to withdraw is filed. [1989 c.324 § 67; 1997 c.631 § 302; 2011 c.263 § 14]