Oregon Revised Statutes Chapter 723 § 723.496 — Right
Oregon Revised Statutes Chapter 723 ·
Oregon Code § 723.496·Enacted ·Last updated March 01, 2026
Statute Text
Right
of credit union to setoff; amount.
Without qualifying any other statutory or common law right to setoff or lien,
and subject to any contractual provision, if a party to a multiple-party
account is indebted to a credit union, the credit union has a right to setoff
against the account in which the party has or had immediately before the death
of the party a present right of withdrawal. The amount of the account subject
to setoff is that proportion to which the debtor is, or was immediately before
the death of the debtor, beneficially entitled and, in the absence of proof of
net contributions, to an equal share with all parties having present rights of
withdrawal. [1999 c.185 §36]
Plain English Explanation
This Oregon statute addresses Right
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 723.496
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Right
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The formal citation is Oregon Code § 723.496. Use this format in legal documents and court filings.
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