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Or. Rev. Stat. § 723.306

Meetings of credit committee

Oregon · Oregon Revised Statutes Chapter 723 — Credit Unions · Status: effective

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Or. Rev. Stat. § 723.306, Meetings of credit committee, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2530766
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The credit committee shall meet as often as the business of the credit union requires and not less frequently than once a month to consider applications for loans. No loan shall be made unless it is approved by a majority of the committee who are present at the meeting at which the application is considered.