Oregon Code § 723.470·Enacted ·Last updated March 01, 2026
Statute Text
Checks
drawn by agents presumed to be in authorized manner.
If a person who owns a share or
deposit account subject to check authorizes another person as agent to draw
checks against the account, the credit union, in the absence of written notice
to the contrary, may presume that any check drawn by the agent in the manner
authorized by the terms and conditions of the account, including checks drawn
to the personal order of the agent, is drawn for a purpose authorized by the
principal and within the scope of the authority conferred upon the agent. [1999
c.185 §23]
Plain English Explanation
This Oregon statute addresses Checks
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 723.470
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Checks
. 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 § 723.470. Use this format in legal documents and court filings.
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