Oregon commercial bank definition

Oregon commercial bank means an Oregon stock bank that was chartered under ORS chapter 707 as a bank other than a stock savings bank.
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Oregon commercial bank means an Oregon stock bank that was chartered under
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Oregon commercial bank means an Oregon stock bank that
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Examples of Oregon commercial bank in a sentence

  • An Oregon commercial bank shall not invest more than five percent of its total assets in a bank service corporation.

  • An Oregon commercial bank may invest not more than 10 percent of its capital in a bank service corporation.

  • In addition to obligations permitted under ORS 708A.295, an Oregon commercial bank may make loans to or ac- quire other obligations of a person without regard to amount, provided the obligations are fully secured by shipping documents conveying or securing title to goods or com- modities in process of shipment.

  • A statement as to whether the banking institution is to be a trust company, an Oregon commercial bank or an Oregon stock savings bank, and, if the proposed Or- egon commercial bank or Oregon stock savings bank is applying for trust powers, a statement to that effect.

  • If an Oregon commercial bank decreases the interest rate on any deposit account, other than an account that by its terms provides for a floating, variable or indexed rate of interest, the Oregon commercial bank shall notify the depositor in writing before the change is effective.

  • Any such obligations shall, however, be subject to ORS 708A.295 in de- termining whether the Oregon commercial bank may make additional loans to or ac- quire other obligations of the person.

  • In the case of] For accounts [held in the names of] that two or more depositors hold, the Oregon commercial bank may give or send the notice to any of the depositors.

  • If an Oregon commercial bank de- creases the interest rate on any deposit account, other than an account that by its terms provides for a floating, variable or in- dexed rate of interest, the Oregon commer- cial bank shall notify the depositor in writing before the change is effective.

  • In addition to obligations permitted under ORS 708A.295, an Oregon commercial bank may acquire ob- ligations of a person without regard to amount in the form of bankers’ acceptances of other financial institutions of the kind de- scribed in section 13 of the Federal Reserve Act.

  • In addition to obligations permitted by ORS 708A.295, an Oregon commercial bank may acquire obligations of a person, in the form of a guaranty or otherwise, without regard to amount, on account of obligations previ- ously contracted in good faith or to reduce the risk of loss.


More Definitions of Oregon commercial bank

Oregon commercial bank means an Oregon s tock bank that was chartered under
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Related to Oregon commercial bank

  • Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

  • Techno-Commercial Bid means proposal submitted by the Bidder in accordance with Clause 8.15.1;

  • Commercial Service means service to Customers engaged primarily in the sale of goods or services including institutions and local, sate and federal government agencies for uses other than those involving manufacturing or electric power generation.

  • First Commercial Sale means, with respect to any Licensed Product, the first sale for use or consumption by the general public of such Licensed Product in any country in the Territory after Approval of such Licensed Product has been granted, or such marketing and sale is otherwise permitted, by the Regulatory Authority of such country.

  • Pharmaceutical care means the provision of drug therapy and

  • Bank Holding Company means a company registered as such with the Federal Reserve pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

  • Date of Commercial Operation or “COD” means

  • Commercial driver s license" means:

  • Commercial domicile means the principal place from which the trade or business of the taxpayer is directed or managed.

  • Eye bank means a person that is licensed, accredited, or regulated under federal or state law to engage in the recovery, screening, testing, processing, storage, or distribution of human eyes or portions of human eyes.

  • commercial fishing means to take, harvest, hold, transport, or off-load marine species for sale or intended sale (R.I. Gen. Laws § 20-1-3).

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Commence commercial operation means, with regard to a unit that serves a generator, to have begun to produce steam, gas, or other heated medium used to generate electricity for sale or use, including test generation subject to the following:

  • SBD means Standard Bidding Documents.