Oregon Revised Statutes Chapter 723 § 723.450 — Payment on shares and deposits; restriction on class of shares
Oregon Revised Statutes Chapter 723 ·
Oregon Code § 723.450·Enacted ·Last updated March 01, 2026
Statute Text
Payment on shares and deposits; restriction on class of shares.
Shares, share certificates,
deposits and deposit certificates may be withdrawn for payment to the account
holder or to third parties in accordance with the manner and procedures
established by the board of directors. The board of directors may restrict one
class of shares so that a share in the class may not be redeemed, withdrawn or
transferred except upon termination of membership in the credit union. [1985
c.801 §7]
Plain English Explanation
This Oregon statute addresses Payment on shares and deposits; restriction on class of shares. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 723.450
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Payment on shares and deposits; restriction on class of shares. 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 § 723.450. Use this format in legal documents and court filings.
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