(2)(a) In the report of condition required under subsection (1) of this section, an Oregon operating institution shall:
(A) Show the Oregon operating institution’s assets and liabilities combined for all departments at the close of business on the day specified.
(B) Include a sworn statement as to the accuracy and truth of the report from an officer of the Oregon operating institution that makes the report and an attestation from not less than two directors of the Oregon operating institution.
(b) The Oregon operating institution shall transmit the report to the director within the time allowed by federal regulations for submitting reports of national bank associations to the federal regulatory agencies.
(3) The director may require additional reports of condition at any time. The additional reports must meet the requirements of subsection (2) of this section.
(4) Trust companies that do not conduct banking business need not submit the reports required in subsection (1) of this section, but shall submit reports that the director requires. [Amended by 1973 c.797 §35; 1975 c.544 §3; 1975 c.725 §6a; 1977 c.135 §11; 1983 c.37 §2; 1989 c.269 §1; 1991 c.67 §188; 1997 c.631 §13; 2015 c.244 §10]
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
