Oregon Statutes 708A.180 – Acquisition of personal property for leasing purposes
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An Oregon commercial bank may acquire and lease personal property at the request of a lessee that wishes to lease the personal property upon terms that require paying rents. Rents may include residual values, the payment of which a responsible third party guarantees. [1997 c.631 § 132; 2015 c.244 § 40]
Terms Used In Oregon Statutes 708A.180
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: All property that is not real property.