ORS 722.256¹
Withdrawal from savings accounts
  • rules

(1) An account holder may withdraw part or all of the funds of the account holder subject to the terms applicable to the savings account of the account holder.

(2) The Director of the Department of Consumer and Business Services shall prescribe by rule:

(a) The maximum penalty that may be applied by an association for premature withdrawal from a savings account; and

(b) The conditions under which the penalty may be applied.

(3) An account holder may withdraw all or part of the account pledged as security for any purpose only in accordance with the terms of the pledge. [1975 c.582 §85]

1 Legislative Counsel Committee, CHAPTER 722—Savings Associations, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors722.­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