2007 ORS 74A.2010¹
Security procedure

(1) "Security procedure" means a procedure established by agreement of a customer and a receiving bank for the purpose of:

(a) Verifying that a payment order or communication amending or canceling a payment order is that of the customer; or

(b) Detecting error in the transmission or the content of the payment order or communication.

(2) A security procedure may require the use of algorithms or other codes, identifying words or numbers, encryption, call-back procedures or similar security devices. Comparison of a signature on a payment order or communication with an authorized specimen signature of the customer is not by itself a security procedure. [1991 c.442 §9]

1 Legislative Counsel Committee, CHAPTER 74A—Funds Transfers, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­074a.­html (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.