Constitution · Oregon

Or. Const. art. XI, § 1

Constitution
Constitution of Oregon
Text as of
October 2026

What does this section say?

Prohibition of state banks. The Legislative Assembly shall not have the power to establish, or incorporate any bank or banking company, or monied [sic] institution whatever; nor shall any bank company, or instition [sic] exist in the State, with the privilege of making, issuing, or putting in circulation, any bill, check, certificate, prommisory [sic] note, or other paper, or the paper of any bank company, or person, to circulate as money.— Note: The semicolon appearing in the signed Constitution after the word "whatever" in section 1 was not in the original draft reported to and adopted by the convention and is not part of the Constitution. State v. H.S. & L.A., 8 Or. 396, 401 (1880).

The text is copied from the official source: www.oregonlegislature.gov. This is the stored text for research. It is not legal advice; check the official source before you rely on it.

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