Feb 24, 2014 | Banking, Business & Taxation, Creditors’ Rights & Bankruptcy, Financial Services, News
In 2013, the Legislature adopted changes to the Oregon Bank Act (ORS chapters 706 to 716) which requires the Director of the Department of Consumer and Business Services to set the frequency of board meetings by rule. The proposed rulemaking activity sets the minimum...
Feb 20, 2014 | Business & Taxation, Employee Benefits & Executive Compensation
By Randy Cook & Christine Moehl IRS rules state that qualified retirement plans (e.g., 401(k) plans, defined benefit plans, etc.) must be updated periodically to reflect legislative and regulatory changes. Historically, retirement plan amendments were required...
Feb 20, 2014 | Business & Taxation
by Douglas Alexander For many business owners, the culmination of a lifetime of building a successful business is its sale. For many aspiring business owners, the first step is to acquire an already successful business, with plans to continue to grow and expand it as...
Feb 19, 2014 | Business & Taxation, Employment Law
Recently, the Oregon Supreme Court issued an opinion that may have an impact on wage claims for anybody who purchases a business in Oregon. In an opinion written by Justice Walters, the Court decided what a “successor to the business” means when the Oregon Bureau of...
Feb 5, 2014 | Business & Taxation, Creditors’ Rights & Bankruptcy, Financial Services, Lawyers, Litigation, News
The Washington Court of Appeals decided Washington Federal Savings and Loan Association v. The McNaughton Group, et al, on February 3, 2014, which held Washington Federal’s line of credit instrument did not encumber monies owed under a certain “latecomer agreement.”...
Jan 21, 2014 | Business & Taxation, Construction, Lawyers, Litigation, News
Last month, Saalfeld Griggs’ land use attorneys scored a big win for their client in the City of Salem’s approval of ordinance 2013-04-SM. This ordinance paves the way for the next phase of the Bella Cresta Subdivision to move forward with development. Mark...
