Oregon Statutes 708A.320 – Obligations secured by shipping documents
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In addition to obligations permitted under ORS § 708A.295, an Oregon commercial bank may make loans to or acquire other obligations of a person without regard to amount, provided the obligations are fully secured by shipping documents conveying or securing title to goods or commodities in process of shipment. [1997 c.631 § 149]
Terms Used In Oregon Statutes 708A.320
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100