2011 Oregon Revised Statutes
ORS Volume 17, Chapters 756 - 838
ORS Chapter 759
759.350 Limitation on authority of utility to guarantee debt of another.
No telecommunications utility shall assume any obligation or liability as guarantor, indorser, surety or otherwise in respect to the securities of any other person, firm or corporation, when such securities are payable at periods of more than 12 months after the date thereof, without first having secured from the Public Utility Commission an order authorizing it to do so. Every assumption made other than in accordance with such an order is void. [1987 c.447 38]
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