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ORS 74.1090 Waiver of Time Limits; When Delay Excused
| Library | Oregon Statutes |
| Edition | 2023 |
| Currency | Current through legislation effective January 1, 2024 |
| Year | 2023 |
| Citation | ORS 74.1090 |
(1) Unless otherwise instructed, a collecting bank in a good faith effort to secure payment of a specific item drawn on a payor...
(2) Delay by a collecting bank or payor bank beyond time limits prescribed or permitted by the Uniform Commercial Code or by instructions is excused if:
(a) The delay is caused by interruption of communication or computer facilities, suspension of payments by another bank, war, emergency conditions, failure of equipment or other circumstances beyond the control of the bank; and
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