Oregon Statutes - Chapter 708A - Regulation of Institutions Generally - Section 708A.320 - Obligations secured by shipping documents.

In addition to obligations permitted under ORS 708A.295, an Oregon commercial bank may make loans to or acquire other obligations of a person without regard to amount, provided the obligations are fully secured by shipping documents conveying or securing title to goods or commodities in process of shipment. [1997 c.631 §149]

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Last modified: August 7, 2008