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Statutes > Oregon > Vol16 > 723

Chapter 723 — CreditUnions

2009 EDITION

CREDITUNIONS

CREDITUNIONS; LENDING INSTITUTIONS; PAWNBROKERS

GENERALPROVISIONS

723.001 Definitions

723.002 Shorttitle

723.006 “Creditunion” defined

723.008 “Creditunion” defined for ORS 723.136 and 723.464 to 723.498

FORMATION

723.012 Organizationprocedure; articles of incorporation; bylaws; fee; rules

723.014 Denialof certificate of approval

723.016 Formof articles and bylaws

723.022 Amendmentof articles and bylaws; fee; rules

723.026 Useof name exclusive; criminal penalty

723.032 Placesof business; fee; rules; mobile facilities

723.036 Fiscalyear

723.042 Interstatecredit unions

REGULATORYAUTHORITY

723.102 Rulemakingauthority

723.106 Reports;late filing penalty; rules

723.112 Examinations

723.114 Annualfees paid by credit unions

723.116 Records;rules

723.118 Disclosureof records of department; exemptions

723.122 Bondor letter of credit; rules

723.126 Enforcementactions

723.132 Orderto remove officer, director or committee member

723.134 Receiptof deposits from person not a member of credit union; secondary capitalaccounts; rules

723.136 Agreementswith other credit union supervisory agencies and Financial Crimes EnforcementNetwork; contracts for use of credit union examiners; joint examination orenforcement; fees

POWERSOF CREDIT UNIONS

723.152 Generalpowers; rules

723.156 Exerciseof powers of federal credit union

MEMBERSHIP

723.172 Creditunion membership; rules

723.176 Businessand nonbusiness organizations as members

723.182 Othercredit unions as members

723.184 Statedeemed member with respect to deferred compensation deposits; restrictions onmembership

723.186 Memberswho leave field of membership

723.188 Fosterparents as members

723.192 Individualliability

723.196 Meetingof members; mail or electronic ballots

723.202 Withdrawaland expulsion of members; request for reinstatement

DIRECTIONOF AFFAIRS

723.252 Electionof directors and appointment of credit committee and credit manager

723.256 Recordof board and committee members

723.262 Vacancies

723.266 Compensationof officials

723.272 Conflictsof interest

723.276 Executiveofficers

723.282 Authorityof directors

723.286 Executivecommittee

723.292 Meetingsof directors

723.296 Dutiesof directors; delegation of duties

723.302 Dutiesof credit committee

723.306 Meetingsof credit committee

723.312 Loanofficers

723.316 Creditmanager

723.322 Dutiesof supervisory committee; verification of member accounts; rules

723.326 Suspensionand removal of officials; restrictions on service as director

723.332 Specialmeetings

723.338 Dutyto notify law enforcement officers of violations of Oregon Credit Union Act;investigations; costs

ACCOUNTS

723.402 Shares

723.406 Dividends

723.412 Depositand deposit certificate accounts; interest;

priority

723.426 Jointaccounts

723.432 Trustaccounts

723.434 Sharedraft accounts

723.447 Certifiedshare drafts

723.450 Paymenton shares and deposits; restriction on class of shares

723.454 Liens

723.460 Reductionin shares

723.464 Depositsmade in name of minor

723.466 Dispositionof deposit on death of depositor

723.468 Adverseclaim to deposit; notice; restraining order or other process; indemnity bond orletter of credit

723.470 Checksdrawn by agents presumed to be in authorized manner

723.472 Checksof intoxicated or drugged persons

723.474 Definitionsfor ORS 723.474 to 723.498

723.476 Applicationof ORS 723.478, 723.480 and 723.482; liability and setoff rights of credit unions

723.478 Ownershipof multiple-party accounts

723.480 Multiple-partyaccounts; disposition of deposit upon death of party or trustee; effect of will

723.482 Rightsof survivorship based on form of account; alteration of form of account

723.484 Transfersof moneys upon death of depositor or trustee is not testamentary disposition

723.486 Multipleparty account; payment of deposit to one or more parties; credit union notrequired to determine source or use of funds in account

723.488 Jointaccount; payment to any party to account; payment to others

723.490 P.O.D.account; payment to any original party; payment to others

723.492 Trustaccount; payment to trustee; payment to others

723.494 Dischargeof credit union for payments made; conditions

723.496 Rightof credit union to setoff; amount

723.498 Designationof agent for account; powers of agent

LOANS

723.502 Purposes;terms

723.506 Application

723.512 Loanlimit; exception

723.516 Installments

723.522 Lineof credit

723.526 Otherloan programs

723.532 Loansto credit union officials; waiver; rules

723.536 Loansto nonmembers; personal liability

INSURANCEAND GROUP PURCHASING

723.572 Insurancefor members

723.576 Liabilityinsurance for director, officer, employee or agent