Oregon Revised Statutes Chapter 72 § 72.5060 — Rights
Oregon Revised Statutes Chapter 72 ·
Oregon Code § 72.5060·Enacted ·Last updated March 01, 2026
Statute Text
Rights
of financing agency.
(1) A financing agency by paying or purchasing for value a draft which relates
to a shipment of goods acquires to the extent of the payment or purchase and in
addition to its own rights under the draft and any document of title securing
it any rights of the shipper in the goods including the right to stop delivery
and the shippers right to have the draft honored by the buyer.
(2) The right to
reimbursement of a financing agency which has in good faith honored or
purchased the draft under commitment to or authority from the buyer is not
impaired by subsequent discovery of defects with reference to any relevant
document which was apparently regular. [1961 c.726 §72.5060; 2009 c.181 §32]
Plain English Explanation
This Oregon statute addresses Rights
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 72.5060
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Rights
. Read the full statute text above for details.
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The formal citation is Oregon Code § 72.5060. Use this format in legal documents and court filings.
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