{"data":{"id":"us-or/ors-707.680","jurisdiction":"us-or","citation":"ORS 707.680","heading":"Special board meetings called by director; penalty for failure to attend.","body":"(1) The Director of the Department of Consumer and Business Services may call a meeting of the board of directors of any banking institution by mailing a notice of the meeting to each director. The notice shall state the purpose of the meeting and designate the time and place where the meeting shall be held.\n      (2) A director who fails to appear at the meeting without proper cause is subject to a penalty of up to $1,000 for each meeting the director fails to attend. The penalty shall be collected in the manner prescribed by ORS 706.570.","path":["18 - Financial Institutions, Insurance","53. Financial Institutions","Chapter 707 — Organization to Conduct Banking Business; Stockholders, Directors and Officers"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors707.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"4969ff5dda0ba920a4eb5a60b6b4eadb1df9a19f85d02d266e749645b2fb0717","source_id":"us-or","stale":false,"prev":"us-or/ors-707.675","next":"us-or/ors-707.690"},"notice":"GroundRules: Original legal text. Not legal advice."}