Chapter 757 — Utility Regulation Generally
ORS 757.440 Approval required before utility may guarantee another’s indebtedness
No public utility shall assume any obligation or liability as guarantor, indorser, surety or otherwise in respect to the securities of any other person, firm or corporation, when such securities are payable at periods of more than 12 months after the date thereof, without first having secured from the Public Utility Commission an order authorizing it so to do. Every assumption made other than in accordance with such an order is void.
Official sources · 1Tap to view provenance details
Provenance
2025 Oregon Revised Statutes — official online source
Official online edition
- Source
- oregonlegislature.gov
- SHA-256
ea2df143…03046e91- Review
- auto verified
Version history
2025 Oregon Revised Statutes — official online source