Oregon Law
Law as of Jan 1, 2026
Chapter contents
74.500[Renumbered 165.655] 74.510[Renumbered 165.660] 74.520[Renumbered 165.665] 74.530[Renumbered 165.670] 74.540[Renumbered 165.675] 74.550[Renumbered 165.680] 74.1010Short title 74.1020Applicability 74.1030Variation by agreement; measure of damages; action constituting ordinary care 74.1040Definitions and index of definitions 74.1050“Bank”; “depositary bank”; “intermediary bank”; “collecting bank”; “payor bank”; “presenting bank.” 74.1060Payable through or payable at bank; collecting bank 74.1070Separate office of bank for computing time for actions, notices and orders 74.1080Time of receipt of items 74.1090Waiver of time limits; when delay excused 74.1110Statute of limitations 74.1120Electronic presentment 74.2010Status of collecting bank as agent and provisional status of credits; applicability of chapter; item indorsed “pay any bank.” 74.2020Responsibility for collection; when action timely 74.2030Effect of instructions 74.2040Methods of sending and presenting; presentment 74.2050Depositary bank as holder of unindorsed item 74.2060Transfer between banks 74.2070Warranties of customer and collecting bank on transfer of item; dishonor of item; remedies; when claim accrues 74.2080Presentment warranties; remedies; defenses; payment of dishonored draft; warranty disclaimer not applicable to checks; when warranty claim accrues 74.2090Encoding and retention warranties; remedies 74.2100Security interest of collecting bank in items; priority 74.2110Bank as holder in due course 74.2120Presentment by notice of item not payable by, through or at bank; liability of drawer or indorser 74.2130Medium and time of settlement by bank 74.2140Right of charge-back or refund; liability of collecting bank; return of item 74.2150Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal 74.2160Insolvency and preference 74.3010Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank 74.3020Payor bank’s responsibility for late return of item; defenses to liability of payor bank 74.3030When items subject to notice, stop payment order, legal process or setoff; order in which items may be charged or certified; cutoff hour for checks 74.4010When bank may charge customer’s account 74.4020Bank’s liability to customer for wrongful dishonor; time of determining insufficiency of account 74.4030Customer’s right to stop payment; duration of stop payment order; burden of proof of loss 74.4040Bank not obligated to pay check more than six months old 74.4050Death or incompetence of customer 74.4060Statements to customer; requirements; retaining copies of items; duty of customer to determine unauthorized payment; allocation of loss 74.4070Payor bank’s right to subrogation on improper payment 74.5010Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor 74.5020Presentment of “on arrival” drafts 74.5030Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need 74.5040Privilege of presenting bank to deal with goods; security interest for expenses

Chapter 74 — Bank Deposits and Collections

ORS 74.4040 Bank not obligated to pay check more than six months old

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 customer’s account for a payment made thereafter in good faith.

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Provenance

Version history

2026-01-01

2025 Oregon Revised Statutes — official online source