Oregon § 759.350 Limitation on authority of utility to guarantee debt of another

Oregon Statutes

§ 759.350 — Limitation on authority of utility to guarantee debt of another

Oregon § 759.350

Vol.19

Title 57Utility Regulation

Ch. 759Telecommunications Utility Regulation

This text of Oregon § 759.350 (Limitation on authority of utility to guarantee debt of another) 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. § 759.350 (2026).

Text

No telecommunications 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 to do so. Every assumption made other than in accordance with such an order is void.

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No telecommunications 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 to do so. Every assumption made other than in accordance with such an order is void.