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Oregon Revised Statutes

Or. Rev. Stat. § 73.0306 (2026)

Claims to an instrument

✓ current as of May 2026
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      73.0306 Claims to an instrument. A person taking an instrument, other than a person having rights of a holder in due course, is subject to a claim of a property or possessory right in the instrument or its proceeds, including a claim to rescind a negotiation and to recover the instrument or its proceeds. A person having rights of a holder in due course takes free of the claim to the instrument. [1993 c.545 §35]