Or. Admin. R. 441-505-3050
Current through Register Vol. 63, No. 8, August 1, 2024
Section 441-505-3050 - Guidelines for Exceeding Restrictions on Ownership of Real and Personal Property Used in Business(1) A request for authorization to exceed the limitations of ORS 708A.560 shall contain: (a) Details of the proposal;(b) The reasons relied on for exceeding the limitations;(c) An asset utilization plan which is consistent with the institution's business plan; and(d) Such additional information required by the Director.(2) The Director shall also consider the capital adequacy, liquidity, profitability, cash flow and management capabilities in determining whether the proposal is prudent and reasonable.Or. Admin. R. 441-505-3050
BB 4-1978, f. 7-18-78, ef. 7-20-78; Renumbered from 805-024-0160; FCS 1-1998, f. & cert. ef. 3-31-98, Renumbered from 441-580-0080Stat. Auth.: ORS 708A.560
Stats. Implemented: ORS 708A.560