Oregon Statutes 716.535 – Investments in common stock of federally chartered corporation providing secondary mortgage sale markets and Federal Home Loan Bank
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A savings bank may invest the funds mentioned in ORS § 716.410 in the common stock of:
Terms Used In Oregon Statutes 716.535
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(1) Any federally chartered corporation that is chartered for the purpose of providing secondary markets for the sale of mortgages by savings banks.
(2) The Federal Home Loan Bank. [1975 c.544 § 46]