{"data":{"id":"us-or/ors-723.434","jurisdiction":"us-or","citation":"ORS 723.434","heading":"Share draft accounts.","body":"(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.\n      (2) As used in this section:\n      (a) “Share draft” means a negotiable or nonnegotiable draft used to withdraw shares or deposits from a share draft account.\n      (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account” means any regular share account or deposit account from which the credit union allows shares or deposits to be withdrawn by means of a share draft or other order.\n      (3) The terms “share draft” and “share draft account” may encompass accounts whether the underlying account is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.","path":["18 - Financial Institutions, Insurance","54. Credit Unions, Lending Institutions and Pawnbrokers","Chapter 723 — Credit Unions"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors723.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"eab5ee30417c71423c9ff8c4eef3800ee123f6676f0edeb4e2283f52fcc350a4","source_id":"us-or","stale":false,"prev":"us-or/ors-723.432","next":"us-or/ors-723.436"},"notice":"GroundRules: Original legal text. Not legal advice."}