Obligations of guarantors
Obligations of guarantors.:RF10 In addition to obligations permitted by ORS 708A.295 (Limitations on amount of obligations to Oregon commercial bank), 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 (Limitations on amount of obligations to Oregon commercial bank) in determining whether the Oregon commercial bank may make additional loans to or acquire other obligations of the person. [1997 c.631 §160]
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