Oregon Statutes 716.630 – Real estate held for use as place of business
(1) The cost of the land and buildings to be used by an Oregon nonstock bank for the transaction of its business shall not exceed:
(a) 50 percent of the guaranty fund and undivided profits account of the Oregon nonstock bank; or
(b) 50 percent of the capital, as defined in ORS § 708A.290, of the Oregon stock savings bank.
(2) The Director of the Department of Consumer and Business Services may approve an amount in excess of the limitation prescribed under subsection (1) of this section if the director finds that an excess amount is reasonably necessary for the operation of the business and does not adversely affect the public interest. [Amended by 1971 c.219 § 8; 1973 c.797 § 382; 1997 c.631 § 352]
[Amended by 1957 c.161 § 3; repealed by 1973 c.797 § 428]
[1957 c.161 § 2; 1973 c.797 § 383; 1975 c.193 § 12; 1977 c.135 § 59; 1995 c.79 § 355; 1995 c.313 § 2; repealed by 1997 c.631 § 567]
[Repealed by 1973 c.797 § 428]
[Amended by 1961 c.57 § 2; repealed by 1973 c.797 § 428]
[Amended by 1973 c.797 § 384; repealed by 1997 c.631 § 567]
[Repealed by 1973 c.797 § 428]
[Repealed by 1957 c.168 § 2]
[1957 c.168 § 1; repealed by 1973 c.797 § 428]
[Repealed by 1957 c.168 § 2]
[Amended by 1971 c.219 § 9; repealed by 1973 c.797 § 428]
[Amended by 1961 c.96 § 2; 1971 c.219 § 10; repealed by 1973 c.797 § 428]
[Amended by 1969 c.193 § 2; repealed by 1973 c.797 § 428]
[Repealed by 1973 c.797 § 428]
[Repealed by 1973 c.797 § 428]
[Amended by 1953 c.86 § 2; 1965 c.214 § 1; 1973 c.797 § 385; 1975 c.544 § 47a; 1981 c.7 § 3; repealed by 1997 c.631 § 567]
[Repealed by 1973 c.797 § 428]