{"data":{"id":"us-or/ors-716.100","jurisdiction":"us-or","citation":"ORS 716.100","heading":"Effect of failure to complete organization; liabilities.","body":"(1) If an Oregon savings bank fails to complete its organization and receive from the Director of the Department of Consumer and Business Services a charter within one year after the date of filing its articles of incorporation, the Oregon savings bank shall cease to exist and the articles of incorporation are void.\n      (2) All persons purporting to act as or on behalf of an Oregon savings bank, knowing there was no incorporation, are jointly and severally liable for all liabilities created while so acting.","path":["18 - Financial Institutions, Insurance","53. Financial Institutions","Chapter 716 — Savings Banks"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors716.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"8d5d760defae8ebdade30daea04bdbf3bc392427895e918f20473acb3786abeb","source_id":"us-or","stale":false,"prev":"us-or/ors-716.090","next":"us-or/ors-716.110"},"notice":"GroundRules: Original legal text. Not legal advice."}