Chapter 74
Bank Deposits and Collections

Sections

Variation by agreement

Definitions and index of definitions

Payable through or payable at bank

Separate office of bank for computing time for actions, notices and orders

Time of receipt of items

Waiver of time limits

Statute of limitations

Electronic presentment

Status of collecting bank as agent and provisional status of credits

Responsibility for collection

Effect of instructions

Methods of sending and presenting

Depositary bank as holder of unindorsed item

Transfer between banks

Warranties of customer and collecting bank on transfer of item

Presentment warranties

Encoding and retention warranties

Security interest of collecting bank in items

Bank as holder in due course

Presentment by notice of item not payable by, through or at bank

Medium and time of settlement by bank

Right of charge-back or refund

Final payment of item by payor bank

Insolvency and preference

Deferred posting

Payor bank’s responsibility for late return of item

When items subject to notice, stop payment order, legal process or setoff

When bank may charge customer’s account

Bank’s liability to customer for wrongful dishonor

Customer’s right to stop payment

Bank not obligated to pay check more than six months old

Death or incompetence of customer

Statements to customer

Payor bank’s right to subrogation on improper payment

Handling of documentary drafts

Presentment of “on arrival” drafts

Responsibility of presenting bank for documents and goods

Privilege of presenting bank to deal with goods

Up to date

Current through early 2024

Chap. 74’s source at oregon.gov

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Location: https://oregon.public.law/statutes/ors_chapter_74

Original Source: Chapter 74 — Bank Deposits and Collections, https://www.oregonlegislature.gov/bills_laws/ors/ors074.html (last accessed Jun. 16, 2023).