Oregon Code § 12.240·Enacted ·Last updated March 01, 2026
Statute Text
Effect
of payment after obligation becomes due.
Whenever any payment of principal or interest is made
after it has become due, upon an existing contract, whether it is a bill of
exchange, promissory note, bond, or other evidence of indebtedness, the
limitation shall commence from the time the last payment was made.
Plain English Explanation
This Oregon statute addresses Effect
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 12.240
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Effect
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