This legal document governs the confidentiality of reports, records, and compliance review documents related to financial institutions. It states that such documents are confidential and not discoverable or admissible as evidence in any civil action or administrative proceeding. The confidentiality also applies to documents delivered to state, federal, or foreign governmental or regulatory agencies. Additionally, individuals serving on a compliance review committee or acting at the committee’s request are prohibited from testifying in civil actions regarding the contents or conclusions of compliance review documents or the committee’s actions.

This section of the Oregon Revised Statutes governs loans made by trust companies to directors, officers, employees, or affiliates. It prohibits trust companies from making loans to these individuals or entities from their trust funds, unless specifically authorized by the terms of the trust. Additionally, officers, directors, or employees of a trust company are prohibited from knowingly violating this section or aiding others in doing so. However, the section allows trust companies to maintain time or demand deposits of their trust funds in an affiliate that is a bank or extranational institution, as long as certain requirements are met.

This legal document, governed by the Oregon Revised Statutes, specifically the Commercial Transactions - Chapters 71-84 under the Business Organizations, Commercial Code, Bank Deposits and Collections, addresses presentment warranties, remedies, defenses, payment of dishonored drafts, warranty disclaimer, and the accrual of warranty claims. It outlines the obligations and warranties of drawees, warrantors, and persons making payment or accepting drafts. The document establishes that the person obtaining payment or acceptance of an unaccepted draft warrants to the drawee that they are entitled to enforce the draft, the draft has not been altered, the signature of the drawer is authorized, and the creation of the draft was authorized by the drawer.

This legal document governs the medium and time of settlement by a bank. It applies to banks and persons involved in settlement transactions. The document states that the medium and time of settlement may be prescribed by Federal Reserve regulations, clearing house rules, agreements, or similar provisions. In the absence of such prescription, the medium of settlement is cash or credit to an account in a Federal Reserve Bank or specified by the person receiving settlement.

This legal document governs the final payment of an item by a payor bank, as well as the timing of when provisional debits and credits become final and when certain credits become available for withdrawal. It applies to payor banks, presenting banks, successive prior collecting banks, and collecting banks. An item is considered finally paid by a payor bank when it is paid in cash, settled without the right to revoke the settlement, or provisionally settled and not revoked within the permitted time.

This legal document, governed by the Oregon Revised Statutes, specifically Chapter 74.3010 of the Commercial Transactions - Bank Deposits and Collections, outlines the rules and procedures related to deferred posting, recovery of payment by return of items, time of dishonor, and return of items by payor banks. According to the document, if a payor bank settles for a demand item other than a documentary draft presented for immediate payment before midnight of the banking day of receipt, it has the right to revoke the settlement and recover the settlement under certain conditions.

This legal document, found in the Oregon Revised Statutes under the Commercial Transactions section of the Business Organizations, Commercial Code, pertains to bank deposits and collections. It governs the actions and responsibilities of payor banks and their customers regarding items subject to notice, stop payment order, legal process, or setoff. The document specifies that any knowledge, notice, stop payment order, or legal process received by the payor bank comes too late to terminate, suspend, or modify the bank’s right or duty to pay an item or charge the customer’s account if certain conditions are met.

This legal document, found in the Oregon Revised Statutes, specifically in the Business Organizations, Commercial Code, Commercial Transactions - Chapters 71-84, governs the rules regarding bank deposits and collections. It outlines the circumstances under which a bank may charge a customer’s account, even if it results in an overdraft. The document states that an item is properly payable if it is authorized by the customer and in accordance with any agreement between the customer and the bank.

This legal document, governed by the Oregon Revised Statutes, specifically the Commercial Transactions - Chapters 71-84, Bank Deposits and Collections, outlines the customer’s right to stop payment and the duration of a stop payment order. A customer or any person authorized to draw on the account can stop payment of any item drawn on the customer’s account or close the account by providing an order to the bank. The stop payment order is effective for six months, but if the original order was oral and not confirmed in writing within 14 calendar days, it lapses.

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]