Or. Admin. Code § 441-505-4020

Current through Register Vol. 63, No. 11, November 1, 2024

Section 441-505-4020 - Exemption for Out of State Trust Company

An exemption from the trust company certificate of authority and deposit requirements is created under ORS 709.030(4) for an out-of-state trust company that:

(1) Has no office in this state;

(2) Is regulated in its home state by an authority comparable to the Division of Financial Regulation; and

(3) Does not engage in soliciting trust business in Oregon.

Or. Admin. Code § 441-505-4020

FCS 1-1998, f. & cert ef. 3-31-98; FCS 6-2007, f. & cert. ef. 10-22-07; FSR 10-2019, minor correction filed 07/03/2019, effective 7/3/2019

Statutory/Other Authority: ORS 709.030(4)(g)

Statutes/Other Implemented: ORS 709.030(4)(g)