Oregon Revised Statutes

Or. Rev. Stat. § 12.240 (2026)

Effect of payment after obligation becomes due

✓ current as of May 2026
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      12.240 Effect of payment after obligation becomes due. Whenever any payment of principal or interest is made after it has become due, upon an existing contract, whether it is a bill of exchange, promissory note, bond, or other evidence of indebtedness, the limitation shall commence from the time the last payment was made.