Oregon Law
Law as of Jan 1, 2026
Chapter contents
713.010Application of Bank Act to out-of-state banks and extranational institutions; powers of out-of-state bank 713.011[1993 c.229 §14; repealed by 1997 c.631 §567] 713.012[1973 c.797 §308; 1975 c.725 §9; 1979 c.362 §1; 1981 c.192 §22; 1983 c.37 §22; 1987 c.445 §16; repealed by 1997 c.631 §567] 713.016Requirements for conducting banking business; deposit insurance 713.020Certificate of authority to conduct banking business 713.025Assets requirement for extranational institutions; type; amount 713.030[Repealed by 1973 c.797 §428] 713.035Failure to maintain required assets; notice to director; effect of deficiency 713.040[Repealed by 1973 c.797 §428] 713.045Distribution of assets of extranational institution by director after insolvency or liquidation 713.050[Amended by 1973 c.797 §313; repealed by 1997 c.631 §567] 713.060[Amended by 1973 c.797 §314; 1974 s.s. c.15 §1; 1975 c.725 §12; 1979 c.88 §14; repealed by 1997 c.631 §567] 713.070[Amended by 1973 c.797 §315; 1975 c.725 §13; repealed by 1997 c.631 §567] 713.080[Amended by 1973 c.797 §316; 1975 c.725 §14; 1981 c.192 §23; repealed by 1997 c.631 §567] 713.090Reports; fees; examination and regulation 713.100[Amended by 1973 c.797 §318; 1975 c.725 §16; repealed by 1997 c.631 §567] 713.110[Amended by 1973 c.797 §319; repealed by 1997 c.631 §567] 713.120[1989 c.324 §57; repealed by 1997 c.631 §567] 713.130Name of out-of-state bank or extranational institution 713.140Contents of application for certificate of authority; rules; authority to transact business under other laws 713.150Submission of application; fee; issuance of certificate of authority 713.160Conduct of banking business under certificate of authority 713.170Registered office or agent 713.180[1989 c.324 §63; repealed by 1997 c.631 §567] 713.190Service of process on agent; director as agent; fee; affidavit 713.200Delivery of documents filed with Secretary of State; change of name or duration 713.210Withdrawal from state 713.220Application for withdrawal; effect of filing 713.230Revocation of certificate of authority 713.240Procedure for revocation of certificate of authority; restoration; reinstatement; fee 713.250Limits on banks and institutions without certificates of authority 713.260Merger or consolidation 713.270Maintaining out-of-state bank branch in this state; requirements; application; fee; denial of application; enforcement 713.280Effect of laws of state or country in which out-of-state bank or extranational institution is organized 713.290Requirements for deposits at office of extranational institution 713.300Out-of-state bank, extranational institution or foreign association; activities that do not constitute transacting business in this state; filing notice with director; fee 713.990Civil penalties

Chapter 713 — Out-of-State Banks and Extranational Institutions

ORS 713.130 Name of out-of-state bank or extranational institution

(1)

Except as provided in subsection (2) of this section, the Director of the Department of Consumer and Business Services may not issue a certificate of authority to an out-of-state bank or extranational institution if the name of the out-of-state bank or extranational institution is not distinguishable from:

(a)

The name of any banking institution, insured institution, extranational institution that has complied with the provisions of ORS 713.020 or 713.300 or credit union, as defined in ORS 723.008; or

(b)(A)

The name of any corporation, professional corporation, nonprofit corporation, cooperative, limited liability company, limited partnership or business trust currently on file with the Secretary of State; or

(B)

Any reserved, registered or assumed business name currently on file with the Secretary of State.

(2)

The director may refuse to permit an out-of-state bank or extranational institution to use a name if the director determines that the name is not distinguishable from the name of a financial institution that is already lawfully transacting business or making loans in this state.

(3)(a)

Except as provided in paragraph (b) of this subsection, this section does not preclude an out-of-state bank or extranational institution from transacting business under one or more assumed business names if the names conform to the provisions of ORS 707.075.

(b)

An out-of-state bank or extranational institution may not transact business under a name that the director determines is not distinguishable from:

(A)

The name of any banking institution, insured institution, extranational institution that has complied with the provisions of ORS 713.020 or 713.300 or credit union, as defined in ORS 723.008; or

(B)

The name of a corporation, professional corporation, nonprofit corporation, cooperative, limited liability company, limited partnership or business trust or any reserved, registered or assumed business name on file with the Secretary of State.

(c)

The name designated under this section has the same legal effect under ORS 707.075 and ORS chapters 647 and 648 as the name of an Oregon bank.

(d)

Issuing the certificate of authority does not abrogate or limit the law as to unfair competition or unfair trade practices or derogate from the common law, the principles of equity or the statutes of this state or of the United States with respect to the right to acquire and protect trade names, trademarks and service marks.

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Provenance

Version history

Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.