Section 723.832 – Application to credit unions existing on September 13, 1975.
The provisions of the Oregon Credit Union Act shall apply to the fullest extent permitted by the laws and Constitutions of the United States and of the State of Oregon, to all existing credit unions organized under any general Act of this state. [1975 c.652 §85]
Section 723.836 – Effect of amendment or repeal of Oregon Credit Union Act.
(1) The Oregon Credit Union Act may be amended, repealed or modified, but such amendment, repeal or modification shall not take away or impair any remedy for any liability which shall have been previously incurred. (2) The repeal of a previous law by section 88, chapter 652, Oregon Laws 1975, shall not affect any right […]
Section 723.840 – Limitation on personal liability for good faith act or omission or exercise of judgment or discretion; reliance on information or reports; causes of action.
(1) A person is not personally liable for an act or omission the person does or fails to do in good faith and in compliance with a statute, rule or order of the Director of the Department of Consumer and Business Services under this chapter regardless of whether the statute, rule or order is later […]
Section 723.712 – Voting representative.
Each credit union becoming a member of such central credit union may designate one person to be its voting representative in the central credit union, which person shall be designated by the board of directors of the member credit union. Such voting representative shall be eligible to hold office in the central credit union as […]
Section 723.844 – Procedures for opening safe deposit box after death of person who was sole lessee or last surviving lessee of box.
(1) This section applies to the safe deposit box of any person who is the sole lessee or last surviving lessee of the box and who has died. (2) Subject to ORS 114.537, upon being furnished with a certified copy of the decedent’s death record or other evidence of death satisfactory to the credit union, […]
Section 723.716 – Additional rights and powers.
(1) A central credit union shall have all of the rights and powers of any other credit union organized under this chapter and the additional rights and powers specified in this section, notwithstanding any limitations or restrictions found elsewhere in this chapter. (2) A central credit union may make loans to other credit unions, purchase […]
Section 723.992 – Criminal penalties.
(1) Violation of ORS 723.816 (1) is a Class C felony. (2) Violation of ORS 723.816 (2) is a Class A misdemeanor. [1975 c.652 §84]
Section 723.730 – Corporate central credit union; membership; rights and powers; rules.
Membership in a corporate central credit union shall be limited to credit unions organized under federal law or under the laws of states listed in the bylaws of the corporate central credit union, and to subsidiaries of any such credit unions, associations of any such credit unions and affiliates of such associations. A corporate central […]
Section 723.995 – Civil penalties.
(1) The Director of the Department of Consumer and Business Services may assess any person who violates any provision of this chapter or any rule or final order issued under this chapter a civil penalty of not more than $2,000 for each violation or $10,000 in the aggregate for all violations within any three-month period. […]
Section 723.752 – Application of tax statutes to credit unions.
Any credit union subject to this chapter shall be deemed an institution for savings within the meaning of the law that exempts such institutions from taxation. No law, except as stated in this section, that taxes corporations in any form, or the shares thereof or the accumulations therein, shall apply to credit unions doing business […]