Oregon Code § 73.0202·Enacted ·Last updated March 01, 2026
Statute Text
Negotiation subject to rescission.
(1) Negotiation is effective even if obtained:
(a) From an
infant, a corporation exceeding its powers or a person without capacity;
(b) By fraud,
duress or mistake; or
(c) In breach of
duty or as part of an illegal transaction.
(2) To the extent
permitted by other law, negotiation may be rescinded or may be subject to other
remedies, but those remedies may not be asserted against a subsequent holder in
due course or a person paying the instrument in good faith and without knowledge
of facts that are a basis for rescission or other remedy. [1993 c.545 §24]
Plain English Explanation
This Oregon statute addresses Negotiation subject to rescission. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 73.0202
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Negotiation subject to rescission. Read the full statute text above for details.
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The formal citation is Oregon Code § 73.0202. Use this format in legal documents and court filings.
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