reglab/housing_qa huggingface dataset:
OR Rev Stat § 707.756 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 707 - Organization to Conduct Banking Business; Stockholders, Directors and Officers|Section 707.756 - Determination and authorization of indemnification.

(1) A banking institution may not indemnify a director under ORS 707.746 unless authorized in the specific case after a determination has been made that indemnification of the director is permissible in the circumstances because the director has met the standard of conduct set forth in ORS 707.746. (2) A determination that indemnification of a director is permissible shall be made: (a) By the board of directors by majority vote of a quorum consisting of directors not at the time parties to the proceeding; (b) If a quorum cannot be obtained under paragraph (a) of this subsection, by a majority vote of a committee duly designated by the board of directors consisting solely of two or more directors not at the time parties to the proceeding. However, directors who are parties to the proceeding may participate in designation of the committee; (c) By special legal counsel selected by the board of directors or its committee in the manner prescribed in paragraph (a) or (b) of this subsection, or if a quorum of the board of directors cannot be obtained under paragraph (a) of this subsection and a committee cannot be designated under paragraph (b) of this subsection, the special legal counsel shall be selected by majority vote of the full board of directors, including directors who are parties to the proceeding; or (d) In the case of an institution or Oregon stock savings bank, by the shareholders. (3) Authorization of indemnification and evaluation as to reasonableness of expenses shall be made in the same manner as the determination that indemnification is permissible, except that if the determination is made by special legal counsel, authorization of indemnification and evaluation as to reasonableness of expenses shall be made by those entitled under subsection (2)(c) of this section to select counsel. [1989 c.324 §22; 1997 c.631 §111]
OR Rev Stat § 707.758 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 707 - Organization to Conduct Banking Business; Stockholders, Directors and Officers|Section 707.758 - Indemnification of officers, employees and agents.

Unless a banking institution’s articles of incorporation provide otherwise: (1) An officer of the banking institution is entitled to mandatory indemnification under ORS 707.748 and is entitled to apply for court-ordered indemnification under ORS 707.754, in each case to the same extent as a director under ORS 707.748 and 707.754. (2) The banking institution may indemnify and advance expenses under ORS 707.744 to 707.762 to an officer, employee or agent of the banking institution to the same extent as to a director. [1989 c.324 §23; 1997 c.631 §112]
OR Rev Stat § 707.760 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 707 - Organization to Conduct Banking Business; Stockholders, Directors and Officers|Section 707.760

[1985 c.786 §22; renumbered 707.860 in 1989]
OR Rev Stat § 707.762 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 707 - Organization to Conduct Banking Business; Stockholders, Directors and Officers|Section 707.762 - Insurance.

A banking institution may purchase and maintain insurance on behalf of an individual against liability asserted against or incurred by the individual who is or was a director, officer, employee or agent of the banking institution or who, while a director, officer, employee or agent of the banking institution, is or was serving at the request of the banking institution as a director, officer, partner, trustee, employee or agent of another foreign or domestic corporation, partnership, joint venture, trust, employee benefit plan or other enterprise. The banking institution may purchase and maintain the insurance even if the banking institution has no power to indemnify the individual against the same liability under ORS 707.746 or 707.748. [1989 c.324 §24; 1997 c.631 §113]
OR Rev Stat § 707.764 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 707 - Organization to Conduct Banking Business; Stockholders, Directors and Officers|Section 707.764 - Application of ORS 707.744 to 707.762.

(1) The indemnification and provisions for advancement of expenses provided by ORS 707.744 to 707.762 shall not be deemed exclusive of any other rights to which directors, officers, employees or agents may be entitled under the banking institution’s articles of incorporation or bylaws, any agreement, general or specific action of its board of directors, vote of shareholders or otherwise, and shall continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person. Specifically and not by way of limitation, a banking institution shall have the power to make or agree to make any further indemnification, including advancement of expenses, of: (a) Any director as authorized by the articles of incorporation, any bylaws approved, adopted or ratified by the shareholders or any resolution or agreement approved, adopted or ratified, before or after such indemnification or agreement is made, by the shareholders, provided that no such indemnification shall indemnify any director from or on account of acts or omissions for which liability could not be eliminated under ORS 707.110 (5)(c); and (b) Any officer, employee or agent who is not a director as authorized by its articles of incorporation or bylaws, general or specific action of its board of directors or agreement. Unless the articles of incorporation, or any such bylaws, agreement or resolution provide otherwise, any determination as to any further indemnity under this paragraph shall be made in accordance with ORS 707.756. (2) If articles of incorporation limit indemnification or advance of expenses, any indemnification and advance of expenses are valid only to the extent consistent with the articles of incorporation. (3) ORS 707.744 to 707.762 do not limit a banking institution’s power to pay or reimburse expenses incurred by a director in connection with the director’s appearance as a witness in a proceeding at a time when the director has not been made a named defendant or respondent to a proceeding. [1989 c.324 §25; 1997 c.631 §114]
OR Rev Stat § 708.030 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708 - (Former Provisions)|Section 708.030

[Amended by 1955 c.315 §1; 1957 c.255 §1; 1961 c.220 §1; 1965 c.168 §1; 1971 c.209 §1; 1973 c.797 §101; 1979 c.199 §1; 1985 c.554 §1; renumbered 708.484]
OR Rev Stat § 708.032 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708 - (Former Provisions)|Section 708.032

[1959 c.383 §1; 1973 c.797 §109; renumbered 708.068]
OR Rev Stat § 708.035 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708 - (Former Provisions)|Section 708.035

[Amended by 1973 c.797 §112; renumbered 708.078]
OR Rev Stat § 708.040 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708 - (Former Provisions)|Section 708.040

[Amended by 1973 c.797 §113; renumbered 708.082]
OR Rev Stat § 708.050 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708 - (Former Provisions)|Section 708.050

[Amended by 1973 c.797 §114; renumbered 708.088]
OR Rev Stat § 708.052 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708 - (Former Provisions)|Section 708.052

[1973 c.797 §106; 1985 c.554 §2; renumbered 708.486]
OR Rev Stat § 708.058 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708 - (Former Provisions)|Section 708.058

[1973 c.797 §107; renumbered 708.488]
OR Rev Stat § 708.068 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708 - (Former Provisions)|Section 708.068

[Formerly 708.032; 1977 c.135 §22; 1985 c.554 §3; renumbered 708.491]
OR Rev Stat § 708.105 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708 - (Former Provisions)|Section 708.105

[Amended by 1973 c.797 §118; renumbered 708.126]
OR Rev Stat § 708.110 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708 - (Former Provisions)|Section 708.110

[Amended by 1973 c.797 §119; renumbered 708.136]
OR Rev Stat § 708.115 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708 - (Former Provisions)|Section 708.115

[Amended by 1963 c.195 §6; 1973 c.797 §120; renumbered 708.146]
OR Rev Stat § 708.425 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708 - (Former Provisions)|Section 708.425

[Amended by 1973 c.797 §157; renumbered 708.489]
OR Rev Stat § 708.445 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708 - (Former Provisions)|Section 708.445

[Amended by 1973 c.797 §167; renumbered 708.451]
OR Rev Stat § 708A.010 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708A - Regulation of Institutions Generally|Section 708A.010 - Investments and activities of Oregon commercial banks.

(1) Notwithstanding any provision of the Bank Act to the contrary, Oregon commercial banks may: (a) Engage as principal or agent in activities in which national banks may engage as principal or agent and acquire and retain investments that national banks may acquire and retain, subject to conditions and restrictions that apply to national banks; and (b) Engage as principal or agent in activities and acquire and retain investments that are permissible for state chartered banks under 12 C.F.R. 362.3(b) and 12 C.F.R. 362.4(c), subject to conditions and restrictions provided in 12 U.S.C. 1831a, 12 C.F.R. 362, and other applicable federal law. (2) Notwithstanding any provision of the Bank Act to the contrary, subsidiaries of Oregon commercial banks may: (a) Engage as principal or agent in activities in which subsidiaries of national banks may engage as principal or agent and acquire and retain investments that subsidiaries of national banks may acquire and retain, subject to conditions and restrictions that apply to subsidiaries of national banks; and (b) Engage as principal or agent in activities and acquire and retain investments that are permissible for subsidiaries of state chartered bank subsidiaries under 12 C.F.R. 362.3(b) and 12 C.F.R. 362.4(c), subject to conditions and restrictions provided in 12 U.S.C. 1831a, 12 C.F.R. 362, and other applicable federal law. (3) Activities and investments described in subsections (1) and (2) of this section that require notice to or approval of the Comptroller of the Currency do not require Oregon commercial banks or subsidiaries of Oregon commercial banks to give notice to or obtain approval from the Comptroller of the Currency, but Oregon commercial banks or subsidiaries of Oregon commercial banks shall give notice to or obtain approval from the Director of the Department of Consumer and Business Services. For purposes of this section, references in federal statutes, regulations and other authorities that prescribe the permissible activities and investments of national banks and subsidiaries of national banks refer whenever practicable to comparable provisions of Oregon law. The director may approve an activity or investment that requires the director’s approval, subject to such conditions as the director deems appropriate. (4) The purpose of this section is to grant Oregon commercial banks and subsidiaries of Oregon commercial banks all investment and activity power and authority, as principal or agent, permitted state chartered banks under federal law. [1997 c.631 §117; 2015 c.244 §34]
OR Rev Stat § 708A.115 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708A - Regulation of Institutions Generally|Section 708A.115 - Investment in government obligations.

(1) Institutions may invest, without regard to any limitation based on stockholders’ equity, in: (a) Obligations of the United States, including those of its agencies and instrumentalities; (b) Obligations of public housing agencies issued pursuant to the United States Housing Act of 1937, as amended; and (c) Obligations of the State of Oregon or any county, city, school district, port district or other public body with the power to levy taxes issued pursuant to the Constitution or statutes of the State of Oregon or the charter or ordinances of any county or city within the State of Oregon, if the issuing body has not been in default with respect to the payment of principal or interest on any of its obligations within five years preceding the date of the investment. (2) Subject to a limitation of 20 percent of stockholders’ equity, institutions may invest in obligations of any other state of the United States or obligations of any out-of-state county, city, school district, port district or other public body in the United States payable from ad valorem taxes, if the obligations are rated in one of the four highest grades by a recognized investment service organization that has been engaged regularly and continuously for a period of not less than 10 years in rating state and municipal obligations. (3) Obligations received in satisfaction of debts previously contracted in good faith are not subject to the limitations of this section, if the book value of such obligations in excess of the limitations of this section is reduced to the amount allowed under this section within six months after the date the obligations are acquired. [1997 c.631 §118; 1999 c.59 §215]
OR Rev Stat § 708A.125 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708A - Regulation of Institutions Generally|Section 708A.125 - Stock in corporations acquired to strengthen capital or eliminate undesirable assets.

(1) An institution may carry fully paid and nonassessable capital stock of or membership interest in any other corporation or limited liability company as an asset, if: (a) The institution’s board of directors applies in writing to the Director of the Department of Consumer and Business Services; (b) The director approves the application in writing; (c) The institution obeys any limitations the director specifies in the director’s approval; and (d) The institution acquires the stock or membership interest for the purpose of strengthening the institution’s capital structure or eliminating undesirable assets. (2) The institution may hold the stock or membership interest as long as the director may determine, but in no event longer than 15 years. (3) This section does not apply to any stock or membership interest that an institution may acquire in connection with insuring deposits, under ORS 708A.120, or in a purchase as a part of any transaction in which an institution borrows from the United States or an agency of the United States. This section does not repeal or in any way limit or modify ORS 711.470. [1997 c.631 §120; 2015 c.244 §35]
OR Rev Stat § 708A.130 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708A - Regulation of Institutions Generally|Section 708A.130 - Definition for ORS 708A.135 to 708A.145.

As used in ORS 708A.135 to 708A.145, unless the context requires otherwise, "invest" includes any advance of funds to a bank service corporation, whether by the purchase of stock, the making of a loan or otherwise, but does not include a payment for rent earned, goods sold and delivered or services rendered prior to the making of the payment. [1997 c.631 §121]
OR Rev Stat § 708A.135 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708A - Regulation of Institutions Generally|Section 708A.135 - Investment in bank service corporation.

An Oregon commercial bank may invest not more than 10 percent of its capital in a bank service corporation. An Oregon commercial bank shall not invest more than five percent of its total assets in a bank service corporation. [1997 c.631 §122]
OR Rev Stat § 708A.140 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708A - Regulation of Institutions Generally|Section 708A.140 - Discrimination by bank service corporation prohibited against nonstockholding depository institution; permitted conduct.

A bank service corporation shall not unreasonably discriminate in the provision of any services authorized under ORS 708A.130 to 708A.145 against any financial institution that does not own stock in the bank service corporation on the basis of the fact that the nonstockholding financial institution is in competition with a financial institution that owns stock in the bank service corporation, except that: (1) It shall not be considered unreasonable discrimination for a bank service corporation, at its option, to either: (a) Provide services to nonstockholding financial institutions only at a price that fully reflects all of the costs of offering those services, including the cost of capital and a reasonable return thereon; or (b) If an Oregon commercial bank is authorized under ORS 708A.135 to invest in a bank service corporation, the bank service corporation may require that the Oregon commercial bank invest in the stock of the bank service corporation, in which case the bank service corporation shall provide services to the Oregon commercial bank on the same basis as for other stockholder financial institutions of the bank service corporation. (2) A bank service corporation may refuse to provide services to a nonstockholding financial institution if comparable services are available from another source at competitive overall costs, or if the providing of services would be beyond the practical capacity of the bank service corporation. [1997 c.631 §123]
OR Rev Stat § 708A.145 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708A - Regulation of Institutions Generally|Section 708A.145 - Authorized services of bank service corporations; sale of insurance; regulation of services.

(1) A bank service corporation may perform any of the following services for financial institutions: (a) Check and deposit sorting and posting; (b) Computing and posting interest and other credits and charges; (c) Preparing and mailing checks, statements, notices and similar items; or (d) Any other clerical, bookkeeping, accounting, statistical or similar functions. (2) In addition to the services that a bank service corporation may perform for financial institutions under subsection (1) of this section, a bank service corporation: (a) May perform for any person any service that any shareholders of the bank service corporation or any holding company or subsidiary of the shareholder may lawfully perform, except that a bank service corporation may not engage in the business of banking. (b) Is subject to the limitations with respect to selling insurance that apply to depository institutions under ORS 746.213 to 746.219. For the purpose of this paragraph, "depository institution" has the meaning given that term in ORS 746.213. (3) A banking institution may not cause to be performed, by contract or otherwise, any of the services described in subsection (1) of this section for the banking institution, whether on or off the banking institution’s premises, unless both the banking institution and the person that performs the services give a satisfactory assurance to the Director of the Department of Consumer and Business Services that the director may regulate and examine the performance of the services to the same extent as if the banking institution performed the services on the banking institution’s own premises. (4) The director may regulate and examine the performance of the services described in subsection (1) of this section for financial institutions, and may regulate and examine a bank service corporation’s performance of the services described in subsection (2) of this section. [1997 c.631 §124; 2003 c.363 §8; 2015 c.244 §36]
OR Rev Stat § 708A.150 (2021)
2021 Oregon Revised Statutes|Volume : 18 - Financial Institutions, Insurance|Chapter 708A - Regulation of Institutions Generally|Section 708A.150 - Community development corporations; authority to invest or organize; conditions; corporate form; functions.

(1) As provided in this section: (a) A banking institution may invest its capital in a community development corporation. (b) A banking institution may organize a community development corporation as a wholly owned subsidiary of the banking institution and invest its capital in the corporation. (2) A banking institution may invest in or organize and invest in a community development corporation under subsection (1) of this section, if the following conditions are satisfied: (a) The projects undertaken by the community development corporation must be predominantly of a civic, community or public nature, and not merely of a private or entrepreneurial nature. (b) The banking institution’s aggregate investment in community development corporations and their projects must not exceed two percent of its capital for any project and five percent of its capital for all projects, or 10 percent of its capital for all projects with the approval of the Director of the Department of Consumer and Business Services. (c) The banking institution must submit to the director its proposal for investing in or organizing and investing in a community development corporation and the proposal must receive the director’s approval. (d) The membership of the board of directors of the community development corporation must be representative of the community in which the corporation is to operate. (3) A community development corporation may be organized as a for-profit corporation under ORS chapter 60 or as a nonprofit corporation under the Oregon Nonprofit Corporation Law. A community development corporation must be authorized under its articles of incorporation or applicable law to: (a) Acquire real estate. This paragraph does not authorize real estate investment that is primarily speculative in nature. (b) Make equity investments in small businesses and in development projects that primarily benefit small businesses. (c) Participate in joint ventures with outside partners. (4) A banking institution wishing to invest in or organize and invest in a community development corporation shall submit to the director, on an application form designed by the director, a proposal that describes in detail the nature and scope of development activities the community development corporation intends to undertake. (5) The director may submit an application to any appropriate state agency or city, county or other local government for its advice and assistance on determining the need and practicability of the projects proposed in the application. [1997 c.631 §125]