In addition to obligations permitted under ORS 708A.295, an Oregon commercial bank may acquire obligations of a person, not to exceed 15 percent of the bank’s capital, as an indorser or guarantor of notes, other than commercial or business paper excepted under ORS 708A.310, having a maturity of not more than six months, and owned by the person indorsing and negotiating the same. [1997 c.631 §148]
Section: Previous 708A.270 708A.275 708A.290 708A.295 708A.300 708A.305 708A.310 708A.315 708A.320 708A.325 708A.330 708A.335 708A.340 708A.345 708A.350 NextLast modified: August 7, 2008