ORS 723.434: Share draft accounts.

(1) A credit union may allow a member holding a regular share or deposit account to use that account as a share draft account as provided in this section, subject to conditions established by the board of directors.

      (2) As used in this section:

      (a) “Share draft” means a negotiable or nonnegotiable draft used to withdraw shares or deposits from a share draft account.

      (b) “Share draft account” means any regular share account or deposit account from which the credit union allows shares or deposits to be withdrawn by means of a share draft or other order.

      (3) The terms “share draft” and “share draft account” may encompass accounts whether the underlying account is a share account or a deposit account, without changing the type of account.