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Oregon Revised Statutes Financial Institutions § 708A.365

Current as of January 01, 2023 | Updated by Findlaw Staff

In addition to obligations permitted under ORS 708A.295, an Oregon commercial bank may make loans to and acquire obligations of a person not to exceed 10 percent of the Oregon commercial bank's capital that are secured by a life insurance policy having a cash surrender value of not less than 100 percent of the amount of the obligations, plus an amount equal to one annual premium on the insurance policy.

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Cite this article: FindLaw.com - Oregon Revised Statutes Financial Institutions § 708A.365 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-53-financial-institutions/or-rev-st-sect-708a-365/

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