In addition to obligations permitted under ORS 708A.295, an Oregon commercial bank may make loans to and acquire obligations of a person not to exceed 10 percent of the Oregon commercial bank’s capital that are secured by a life insurance policy having a cash surrender value of not less than 100 percent of the amount of the obligations, plus an amount equal to one annual premium on the insurance policy. [1997 c.631 §158]
Section: Previous 708A.330 708A.335 708A.340 708A.345 708A.350 708A.355 708A.360 708A.365 708A.370 708A.375 708A.400 708A.405 708A.410 708A.415 708A.420 NextLast modified: August 7, 2008