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Can you summarize ORRS 74.4040?

Bank Deposits and Collections > Bank not obligated to pay check more than six months old.

Short Summary

A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than six months after its date, but it may charge its customers account for a payment made thereafter in good faith. [1961 c.726 74.4040]

Jurisdiction

Oregon

Source
ORRS 74.4040 [https://reggi.cloud.regology.com/regulations/US-ORRS/US-ORRS_T_02_T_8_C_074_S_4040]