Oregon Statutes - Chapter 708A - Regulation of Institutions Generally - Section 708A.315 - Noncommercial short-term notes.

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]

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Last modified: August 7, 2008