Skip to main content
Find a Lawyer

Oregon Revised Statutes Financial Institutions § 707.075

Current as of January 01, 2023 | Updated by Findlaw Staff

(1) The corporate name of a banking institution:

(a) May not contain any word or phrase that indicates or implies that the banking institution is organized for any purpose other than one or more of the purposes contained in the banking institution's articles of incorporation.

(b) Must be 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:

(i) Any corporation, professional corporation, nonprofit corporation, cooperative, limited liability company, limited partnership or business trust currently on file with the Secretary of State; or

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

(2) The director may refuse to permit a banking institution to use any name the director determines is not distinguishable from the name of a financial institution that is already lawfully engaging in banking business or making loans in this state.

(3) A banking institution may transact business under one or more assumed business names if the assumed business names meet the requirements of subsection (1) of this section, unless the director determines that the assumed business names are 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;

(b) 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

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

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Oregon Revised Statutes Financial Institutions § 707.075 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-53-financial-institutions/or-rev-st-sect-707-075/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard