GroundRules
ORS 708A.645: Illegal guaranty or indorsement.
Where this section sits in the code
- 18 - Financial Institutions, Insurance
- 53. Financial Institutions
- Chapter 708A — Regulation of Institutions Generally
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.
Collected 2026-09-03T23:50:17Z. Source file · JSON