ORS 716.050: Approval of articles; certificate of incorporation; filing.

(1) If the Director of the Department of Consumer and Business Services finds that the articles of incorporation conform to law, the director shall, within 60 days after receiving the articles of incorporation and when all fees have been paid:

      (a) Indorse on each of the duplicate originals the word “Filed,” and the month, day and year of the filing.

      (b) File one of the duplicate originals in the office of the director.

      (c) Issue a certificate of incorporation to which the director shall affix the other duplicate original.

      (2) The certificate of incorporation, with one of the duplicate originals affixed thereto shall be returned to the incorporators or their representative.

      (3) Upon issuance of the certificate of incorporation, the corporate existence of a savings bank begins.