In addition to obligations permitted by ORS 708A.295, an Oregon commercial bank may acquire obligations of a person, in the form of a guaranty or otherwise, without regard to amount, on account of obligations previously contracted in good faith or to reduce the risk of loss. Any such obligations shall, however, be subject to ORS 708A.295 in determining whether the Oregon commercial bank may make additional loans to or acquire other obligations of the person. [1997 c.631 §160]
Section: Previous 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 708A.425 708A.430 NextLast modified: August 7, 2008