714.054 Limiting or restricting banking institution’s ability to establish branch

With respect to notices to establish branches in this state or another state, the Director of the Department of Consumer and Business Services may limit or restrict a banking institution’s ability to establish a branch, except that the director’s failure to limit or restrict the banking institution’s ability to establish the branch within 30 days after receiving a complete notice is a decision not to limit or restrict the banking institution’s ability to establish the branch. With respect to notices by banking institutions to establish branches in foreign countries or dependencies or insular possessions of the United States, the director may limit or restrict a banking institution’s ability to establish a branch, except that the director’s failure to limit or restrict the banking institution’s ability to establish the branch within 90 days after receiving a complete notice is a decision not to limit or restrict the banking institution’s ability to establish a branch. [1997 c.631 §317; 2015 c.244 §88d]

Source: Section 714.054 — Limiting or restricting banking institution’s ability to establish branch , https://www.­oregonlegislature.­gov/bills_laws/ors/ors714.­html (accessed May 26, 2025).