Oregon Code § 65.364·Enacted ·Last updated March 01, 2026
Statute Text
Loans
to or guarantees for directors and officers.
(1) A public benefit corporation or religious
corporation may not make a loan, guarantee an obligation or modify a
preexisting loan or guarantee to or for the benefit of a director or officer of
the corporation, except as stated in this section. Unless prohibited by the
corporations articles of incorporation or bylaws, a public benefit corporation
or religious corporation may make a loan, guarantee an obligation or modify a
preexisting loan or guarantee to or for the benefit of a director or officer as
part of a recruitment package, for a total period not to exceed three years,
provided that:
(a) Approval of
the loan, guarantee or modification is obtained in the manner provided in ORS
Plain English Explanation
This Oregon statute addresses Loans
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 65.364
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Loans
. Read the full statute text above for details.
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The formal citation is Oregon Code § 65.364. Use this format in legal documents and court filings.
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