{"data":{"id":"us-or/ors-708a.315","jurisdiction":"us-or","citation":"ORS 708A.315","heading":"Noncommercial short-term notes.","body":"In addition to obligations permitted under ORS 708A.295, an Oregon commercial bank may acquire obligations of a person, not to exceed 15 percent of the bank’s capital, as an indorser or guarantor of notes, other than commercial or business paper excepted under ORS 708A.310, having a maturity of not more than six months, and owned by the person indorsing and negotiating the same.","path":["18 - Financial Institutions, Insurance","53. Financial Institutions","Chapter 708A — Regulation of Institutions Generally"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors708A.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"a5b684c9f7460a973dbc52ba73e6aa0f6d49ccf796c0350482e0d70ee3d03cdd","source_id":"us-or","stale":false,"prev":"us-or/ors-708a.310","next":"us-or/ors-708a.320"},"notice":"GroundRules: Original legal text. Not legal advice."}