Oregon — State Statute

Oregon Revised Statutes Chapter 73 § 73.0201 — Negotiation

Oregon Revised Statutes Chapter 73 ·
Oregon Code § 73.0201 · Enacted · Last updated March 01, 2026
Statute Text
Negotiation. (1) “Negotiation” means a transfer of possession, whether voluntary or involuntary, of an instrument by a person other than the issuer to a person who thereby becomes its holder. (2) Except for negotiation by a remitter, if an instrument is payable to an identified person, negotiation requires transfer of possession of the instrument and its indorsement by the holder. If an instrument is payable to bearer, it may be negotiated by transfer of possession alone. [1993 c.545 §23]
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