# ORS § 714.064: 714.064 Time to commence business

> Oregon · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.064

## Section

- **Citation:** ORS § 714.064
- **Heading:** 714.064 Time to commence business
- **Jurisdiction:** Oregon
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OR Code / Title 53 / Chapter 714 / Section 714.064

## 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within the year or any extension of time the director grants, the director shall deem the banking institution to have withdrawn the notice and the branch may not open or operate.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).

## Nearby sections

- [ORS § 714.015 714.015 Branches not in compliance with ORS 714.025 to 714.079 prohibited](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.015.md)
- [ORS § 714.025 714.025 Notice required to establish branches in Oregon or outside of Oregon](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.025.md)
- [ORS § 714.035 714.035 Mobile banking facilities](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.035.md)
- [ORS § 714.045 714.045 Establishment of foreign branches](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.045.md)
- [ORS § 714.049 714.049 Investigating notices](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.049.md)
- [ORS § 714.054 714.054 Limiting or restricting banking institution’s ability to establish branch](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.054.md)
- [ORS § 714.059 714.059 Certificate authorizing branch to conduct business](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.059.md)
- [ORS § 714.064 714.064 Time to commence business](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.064.md)
- [ORS § 714.069 714.069 Activities and powers at branches outside this state](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.069.md)
- [ORS § 714.075 714.075 Reports of deposits held at branches](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.075.md)
- [ORS § 714.079 714.079 Closure and relocation of branches](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.079.md)
- [ORS § 714.095 714.095 Establishment of branches by out-of-state banks in this state](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.095.md)
- [ORS § 714.105 714.105 Establishment of branches by extranational institutions in this state](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.105.md)
- [ORS § 714.205 714.205 Disclosure of fees for ATM transaction](https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.205.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T53_C714_S714.064. Check the current official text before relying on it. Not legal advice.