Oregon Code § 723.434·Enacted ·Last updated March 01, 2026
Statute Text
Share
draft accounts.
(1) A credit union may allow a member holding a regular share or deposit
account to use that account as a share draft account as provided in this
section, subject to conditions established by the board of directors.
(2) As used in
this section:
(a) Share draft
means a negotiable or nonnegotiable draft used to withdraw shares or deposits
from a share draft account.
(b) Share draft
account means any regular share account or deposit account from which the
credit union allows shares or deposits to be withdrawn by means of a share
draft or other order.
(3) The terms share
draft and share draft account may encompass accounts whether the underlying
account is a share account or a deposit account, without changing the type of
account. [1981 c.290 §2; 1983 c.37 §36c; 1999 c.185 §40]
Plain English Explanation
This Oregon statute addresses Share
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 723.434
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Share
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 723.434. Use this format in legal documents and court filings.
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