Oregon Statutes

§ 708A.645 — Illegal guaranty or indorsement

Oregon § 708A.645

JurisdictionOregon

Vol.18

Title 53Financial Institutions

Ch. 708ARegulation of Institutions Generally

This text of Oregon § 708A.645 (Illegal guaranty or indorsement) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 708A.645 (2026).

Text

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.

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Legislative History

1997 c.631 §200

Nearby Sections

15

§ 708A.005

Powers of institutions; insurance transactions; rules

§ 708A.010

Investments and activities of Oregon commercial banks

§ 708A.115

Investment in government obligations

§ 708A.120

Investment in stock of other entity; rules

§ 708A.125

Stock in corporations acquired to strengthen capital or eliminate undesirable assets

§ 708A.130

Definition for ORS 708A.135 to 708A.145

§ 708A.135

Investment in bank service corporation

§ 708A.140

Discrimination by bank service corporation prohibited against nonstockholding depository institution; permitted conduct

§ 708A.145

Authorized services of bank service corporations; sale of insurance; regulation of services

§ 708A.150

Community development corporations; authority to invest or organize; conditions; corporate form; functions

§ 708A.155

Investment in foreign banks

§ 708A.160

Corporation or limited liability company created to establish ATMs; banking institution as stockholder

§ 708A.165

Membership in Federal Reserve System; member bank, officers, directors and shareholders subject to duties and liabilities imposed by laws of this state

§ 708A.170

Securities powers

§ 708A.175

Right to purchase, hold and dispose of real and personal property

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Bluebook (online)

Oregon § 708A.645, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/708A.645.