ORS 708A.460¹
Application of ORS 708A.465 to 708A.475
  • liability and setoff rights of financial institutions

The provisions of ORS 708A.465 (Ownership of multiple-party accounts) to 708A.475 (Right of survivorship based on form of account) concerning beneficial ownership as between parties, or as between parties and P.O.D. payees or beneficiaries of multiple-party accounts, are relevant only to controversies between those persons and their creditors and other successors, and have no bearing on the power of withdrawal of those persons as determined by the terms of account contracts. The provisions of ORS 708A.485 (Payment of deposit in multiple-party account to one or more parties) to 708A.510 (Right of institution to setoff) govern the liability of financial institutions that make payments pursuant thereto, and their setoff rights. [1997 c.631 §173]

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