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Oregon · Through 2025 Edition

ORS 723.486: Multiple party account; payment of deposit to one or more parties; credit union not required to determine source or use of funds in account.

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Where this section sits in the code
  1. 18 - Financial Institutions, Insurance
  2. 54. Credit Unions, Lending Institutions and Pawnbrokers
  3. Chapter 723 — Credit Unions

Credit unions may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Any multiple-party account may be paid, on request, to any one or more of the parties. For purposes of establishing net contributions a credit union shall not be required to inquire about the source of funds received for deposit to a multiple-party account, or to inquire about the proposed application of any sum withdrawn from an account.

Collected 2026-09-03T23:50:17Z. Source file · JSON

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