Oregon Revised Statutes Chapter 723 § 723.522 — Line
Oregon Revised Statutes Chapter 723 ·
Oregon Code § 723.522·Enacted ·Last updated March 01, 2026
Statute Text
Line
of credit.
The
credit committee, credit manager, or loan officer may approve in advance upon
their own motion or upon application by a member, a line of credit, and
advances may be granted to such member within the limit of such extension of
credit. Where a line of credit has been approved, no additional loan
applications are required as long as the aggregate obligation does not exceed
the limit of such extension of credit. [1975 c.652 §56; 1987 c.286 §8]
Plain English Explanation
This Oregon statute addresses Line
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 723.522
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Line
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 723.522. Use this format in legal documents and court filings.
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