US Lawyer Database

Section 723.472 – Checks of intoxicated or drugged persons.

A credit union may refuse to pay any check, draft or order drawn upon it when the officers or employees of the credit union have reason to believe that the person signing or indorsing the instrument was so under the influence of alcohol, drugs or controlled substances or that the person was otherwise so incapacitated […]

Section 723.474 – Definitions for ORS 723.474 to 723.498.

As used in ORS 723.474 to 723.498, unless the context requires otherwise: (1) “Account” means a contract of deposit of funds between a member and a credit union and includes a checking account, savings account, certificate of deposit and share account. (2) “Beneficiary” means a person named in a trust account as one for whom […]

Section 723.478 – Ownership of multiple-party accounts.

(1) A joint account belongs, during the lifetime of all parties, to the parties in proportion to the net contributions by each party to the sums on deposit, unless there is clear and convincing evidence of a different intent. (2) A P.O.D. account belongs to the original party during the lifetime of the party and […]

Section 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.

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 […]