714.064 Time to commence business

OregonStatutes

Ask Donna

How this section applies to your facts.

OR Code › Title 53 › Chapter 714 › Section 714.064

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

A branch shall commence business within one year after the banking institution files notice with the Director of the Department of Consumer and Business Services under ORS 714.025 (Notice required to establish branches in Oregon or outside of Oregon) . The director may extend for one additional year the period within which the banking institution may establish the branch. If a branch fails to commence business within the year or any extension of time the director grants, the director shall deem the banking institution to have withdrawn the notice and the branch may not open or operate. [1997 c.631 §319; 2015 c.244 §88f]

Source: Section 714.064 — Time to commence business , https://www.oregonlegislature.gov/bills_laws/ors/ors714.html (accessed May 26, 2025).

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.