Limitations on amount of obligations to Oregon commercial bank
- • applicability
Except as provided in ORS 708A.300 (Obligations secured by readily marketable collateral) to 708A.375 (Obligations of guarantors), the loans and other obligations of a person to an Oregon commercial bank outstanding at any time shall not exceed 15 percent of the Oregon commercial banks capital. Any loan made or other obligation acquired in accordance with ORS 708A.300 (Obligations secured by readily marketable collateral) to 708A.375 (Obligations of guarantors) shall be in addition to and shall not be applied against the 15 percent limitation. Any loan made or obligation acquired that complies with ORS 708A.290 (Capital defined for ORS 708A.290 to 708A.375) to 708A.375 (Obligations of guarantors) when made or acquired shall not be considered out of compliance on account of a subsequent decline in the capital of the Oregon commercial bank. Obligations in the name of one person for the benefit of another person shall be considered obligations of both the named person and the benefited person. [1997 c.631 §144]
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.