OAR 441-505-3050

OAR 441-505-3050. Guidelines for Exceeding Restrictions on Ownership of Real and Personal Property Used in Business

Last amended: 1998Length: 75 wordsOfficial source
(1) A request for authorization to exceed the limitations of ORS 708A.560 shall contain: (a) Details of the proposal; (b) The reasons relied on for exceeding the limitations; (c) An asset utilization plan which is consistent with the institution’s business plan; and (d) Such additional information required by the Director. (2) The Director shall also consider the capital adequacy, liquidity, profitability, cash flow and management capabilities in determining whether the proposal is prudent and reasonable.
OAR 441-505-3050: OAR 441-505-3050. Guidelines for Exceeding Restrictions on Ownership of Real and Personal Property Used in Business | Justis AI