Oregon Code § 74.2030·Enacted ·Last updated March 01, 2026
Statute Text
Effect
of instructions.
Subject to ORS 73.0420 concerning conversion of instruments and ORS chapter 73
and this chapter concerning restrictive indorsements, only a collecting banks
transferor can give instructions that affect the bank or constitute notice to
it, and a collecting bank is not liable to prior parties for any action taken
pursuant to the instructions or in accordance with any agreement with its
transferor. [1961 c.726 §74.2030; 1993 c.545 §86]
Plain English Explanation
This Oregon statute addresses Effect
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 74.2030
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Effect
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