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Can you summarize Financial institutions - Chapters 706-722 > Organization to Conduct Banking Business; Stockholders, Directors and Officers?
Financial institutions - Chapters 706-722 > Organization to Conduct Banking Business; Stockholders, Directors and Officers
Short Summary
The provided legal document content covers various aspects of the organization and operation of an Oregon bank as a limited liability company, the conduct of banking business in Oregon, the initial paid-in capital requirement for institutions or Oregon stock savings banks, the application and approval process for organizing a banking institution in Oregon, the corporate name of a banking institution, the execution and submission of articles of incorporation for the establishment of an institution or Oregon stock savings bank, the issuance of a charter for financial institutions conducting banking business in Oregon, the grounds for refusing authority to organize a banking business, the service of process on institutions or Oregon stock savings banks in Oregon, the issuance of fractional shares and scrip by institutions or Oregon stock savings banks, the creation and issuance of share options by institutions or Oregon stock savings banks, the payment requirements and considerations for the issuance of stock certificates by institutions or Oregon stock savings banks, the closure of stock transfer books and the determination of shareholders for various purposes, the requirements for annual and special stockholder meetings and the notice of orders for financial institutions conducting banking business in Oregon and stock savings banks in Oregon, the ability to take action without a meeting, the waiver of notice by shareholders, and the creation of a list of shareholders entitled to vote at meetings or adjournments. These documents apply to Oregon banks organized as limited liability companies, individuals or entities conducting banking business in Oregon, institutions or Oregon stock savings banks, shareholders, directors, officers, and committees of institutions or Oregon stock savings banks. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Oregon banks organized as limited liability companies, individuals or entities conducting banking business in Oregon, institutions or Oregon stock savings banks, shareholders, directors, officers, and committees of institutions or Oregon stock savings banks
What does it govern?
The organization and operation of an Oregon bank as a limited liability company, the conduct of banking business in Oregon, the initial paid-in capital requirement for institutions or Oregon stock savings banks, the application and approval process for organizing a banking institution in Oregon, the corporate name of a banking institution, the execution and submission of articles of incorporation for the establishment of an institution or Oregon stock savings bank, the issuance of a charter for financial institutions conducting banking business in Oregon, the grounds for refusing authority to organize a banking business, the service of process on institutions or Oregon stock savings banks in Oregon, the issuance of fractional shares and scrip by institutions or Oregon stock savings banks, the creation and issuance of share options by institutions or Oregon stock savings banks, the payment requirements and considerations for the issuance of stock certificates by institutions or Oregon stock savings banks, the closure of stock transfer books and the determination of shareholders for various purposes, the requirements for annual and special stockholder meetings and the notice of orders for financial institutions conducting banking business in Oregon and stock savings banks in Oregon, the ability to take action without a meeting, the waiver of notice by shareholders, and the creation of a list of shareholders entitled to vote at meetings or adjournments
What are exemptions?
No specific exemptions are mentioned in these documents
What are the Penalties?
No specific penalties are mentioned in these documents
Jurisdiction
Oregon