(1) Except as provided in subsection (3) of this section, the. state shall not subscribe to, or be interested in the stock of any company, association or corporation. However, as provided by law the state may hold and dispose of stock, including stock already received, that is donated or bequeathed; and may invest, in the stock of any company, association or corporation, any funds or moneys that:
§ Or. Const. Art. XI, § 6State not to be stockholder in company; exceptions; inapplicability to public universities
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