Oregon Code § 73.0407·Enacted ·Last updated March 01, 2026
Statute Text
Alteration.
(1) Alteration
means:
(a) An
unauthorized change in an instrument that purports to modify in any respect the
obligation of a party; or
(b) An
unauthorized addition of words or numbers or other change to an incomplete
instrument relating to the obligation of a party.
(2) Except as
provided in subsection (3) of this section, an alteration fraudulently made
discharges a party whose obligation is affected by the alteration unless that
party assents or is precluded from asserting the alteration. No other
alteration discharges a party, and the instrument may be enforced according to
its original terms.
(3) A payor bank
or drawee paying a fraudulently altered instrument or a person taking it for
value or for collection, in good faith and without notice of the alteration,
may enforce rights with respect to the instrument:
(a) According to
its original terms; or
(b) In the case
of an incomplete instrument altered by unauthorized completion, according to
its terms as completed. [1993 c.545 §48]
Plain English Explanation
This Oregon statute addresses Alteration. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 73.0407
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Alteration. Read the full statute text above for details.
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The formal citation is Oregon Code § 73.0407. Use this format in legal documents and court filings.
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