Oregon Statutes
§ 723.536 — Loans to nonmembers; personal liability
Oregon § 723.536
JurisdictionOregon
Vol.18
Title 54Credit Unions, Lending Institutions and Pawnbrokers
Ch. 723Credit Unions
This text of Oregon § 723.536 (Loans to nonmembers; personal liability) 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. § 723.536 (2026).
Text
Any officer, director or member of a committee of a credit union who knowingly permits a loan to be made or participates in a loan to a nonmember of the credit union shall be primarily liable to the credit union for the amount thus illegally loaned. The illegality of such loan shall be no defense in any action by the credit union to recover the amount loaned.
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Legislative History
1975 c.652 §59
Nearby Sections
15
§ 723.001
Definitions§ 723.002
Short title§ 723.006
“Credit union” defined§ 723.010
§ 723.010§ 723.014
Denial of certificate of approval§ 723.016
Form of articles and bylaws§ 723.020
§ 723.020§ 723.030
§ 723.030§ 723.036
§ 723.036§ 723.040
§ 723.040Cite This Page — Counsel Stack
Bluebook (online)
Oregon § 723.536, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/723.536.