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2025 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Chapter 708A - Regulation of Institutions Generally
Section 708A.375 - Obligations of guarantors.
Universal Citation:
OR Rev Stat § 708A.375 (2025)
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In addition to obligations permitted by ORS 708A.295, an Oregon commercial bank may acquire obligations of a person, in the form of a guaranty or otherwise, without regard to amount, on account of obligations previously contracted in good faith or to reduce the risk of loss. Any such obligations shall, however, be subject to ORS 708A.295 in determining whether the Oregon commercial bank may make additional loans to or acquire other obligations of the person. [1997 c.631 §160]
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