Oregon Statutes - Chapter 708A - Regulation of Institutions Generally - Section 708A.180 - Acquisition of personal property for leasing purposes.

An Oregon commercial bank may acquire and lease personal property at the request of a lessee who wishes to lease it upon terms requiring payment, during the minimum period of the lease, of rents which exceed the total expenditures by the Oregon commercial bank in the acquisition, ownership, financing and protection of the property. Rents may include residual values, the payment of which is guaranteed by a responsible third party. [1997 c.631 §132]

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Last modified: August 7, 2008