§ 723.252 Election of directors and appointment of credit committee and credit manager
§ 723.256 Record of board and committee members
§ 723.262 Vacancies
§ 723.266 Compensation of officials
§ 723.272 Conflicts of interest
§ 723.276 Executive officers
§ 723.282 Authority of directors
§ 723.286 Executive committee
§ 723.292 Meetings of directors; rules
§ 723.296 Duties of directors; delegation of duties
§ 723.302 Duties of credit committee
§ 723.306 Meetings of credit committee
§ 723.312 Loan officers
§ 723.316 Chief credit officer
§ 723.322 Duties of supervisory committee; verification of member accounts; rules
§ 723.326 Suspension and removal of officials; restrictions on service as director
§ 723.338 Duty to notify law enforcement officers of violations of Oregon Credit Union Act; investigations; costs
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Terms Used In Oregon Statutes > Chapter 723 > Direction of Affairs

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Department: means the Department of Consumer and Business Services. See Oregon Statutes 723.001
  • Director: means the Director of the Department of Consumer and Business Services. See Oregon Statutes 723.001
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Official: means any of the following:

    (a) An individual who is or was a director or officer of the credit union; or

    (b) An individual who is or was a member of a credit union's credit committee or supervisory committee. See Oregon Statutes 723.001

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100