(at the request of House Interim Committee on Business and Labor)
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Regular Sponsors:
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Bill Title:
Relating to financial institutions.
Catchline/Summary:
Permits Director of Department of Consumer and Business Services to specify by rule minimum frequency with which board of directors of banking institution must meet.Requires banking institution board of directors to hold regular meeting at least once every two months.]
Permits Director of Department of Consumer and Business Services to specify by rule minimum frequency with which board of directors of banking institution must meet.
Permits banking institution to give director of Department of Consumer and Business Services] uncertified copy of audit committee report.
Permits institution to invest assets in membership interests of limited liability companies in specific circumstances.
Permits exception to prohibition against Oregon commercial bank's knowing allowance of depositor overdraft of deposit account if overdraft is inadvertent.
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HB 2070
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