ORS
708A.440¹
Checks drawn by agents presumed to be in authorized manner
If a person who owns a deposit account subject to check authorizes another person as agent to draw checks against the account, the financial institution, in the absence of written notice to the contrary, may presume that any check drawn by the agent in the manner authorized by the terms and conditions of the account, including checks drawn to the personal order of the agent, is drawn for a purpose authorized by the principal and within the scope of the authority conferred upon the agent. [1997 c.631 §169]
1 Legislative Counsel Committee, CHAPTER 708A—Regulation of Institutions Generally, https://www.oregonlegislature.gov/bills_laws/Archive/2007ors708A.pdf (2007) (last accessed Feb. 12, 2009).
2 OregonLaws.org contains the contents of Volume 21 of the ORS,
inserted alongside the pertinent statutes.
See the preface to the ORS Annotations for more information.
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information