ORS 708A.260¹
Accepting own stock as collateral

An institution shall not accept as collateral its own capital stock, except where the taking of such collateral is necessary to prevent loss upon an indebtedness previously contracted in good faith. If such indebtedness is not paid in full within six months from the date such stock was taken as collateral, the stock shall be promptly sold by the institution. [1997 c.631 §140]

1 Legislative Counsel Committee, CHAPTER 708A—Regulation of Institutions Generally, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors708A.­pdf (2007) (last ac­cessed Feb. 12, 2009).
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information