Oregon § 757.440 Approval required before utility may guarantee another’s indebtedness

Oregon Statutes

§ 757.440 — Approval required before utility may guarantee another’s indebtedness

Oregon § 757.440

Vol.19

Title 57Utility Regulation

Ch. 757Utility Regulation Generally

This text of Oregon § 757.440 (Approval required before utility may guarantee another’s indebtedness) 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. § 757.440 (2026).

Text

No public utility shall assume any obligation or liability as guarantor, indorser, surety or otherwise in respect to the securities of any other person, firm or corporation, when such securities are payable at periods of more than 12 months after the date thereof, without first having secured from the Public Utility Commission an order authorizing it so to do. Every assumption made other than in accordance with such an order is void.

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No public utility shall assume any obligation or liability as guarantor, indorser, surety or otherwise in respect to the securities of any other person, firm or corporation, when such securities are payable at periods of more than 12 months after the date thereof, without first having secured from the Public Utility Commission an order authorizing it so to do. Every assumption made other than in accordance with such an order is void.