Known as the Uniform Commercial Code
The act spans §§ 73–73 (149 sections).
Applied in 1 court decision — leading case 143 Or. App. 276 - Schiffer v. United Grocers, Inc. (1996)
Most recently applied in 143 Or. App. 276 - Schiffer v. United Grocers, Inc. (August 1996)
1993 c.545 §67
(1) The obligation of a party to pay the instrument is discharged as stated in this chapter or by an act or agreement with the party which would discharge an obligation to pay money under a simple contract.
(2) Discharge of the obligation of a party is not effective against a person acquiring rights of a holder in due course of the instrument without notice of the discharge.
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.