Oregon Statutes - Chapter 708A - Regulation of Institutions Generally - Section 708A.645 - Illegal guaranty or indorsement.

An officer, director or employee of an institution shall not make or deliver any guaranty or indorsement on behalf of the institution whereby the institution becomes liable upon any of its discounted notes, bills or obligations, in any sum beyond the amount of loans and discounts that the institution may legally make. [1997 c.631 §200]

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Last modified: August 7, 2008