Oregon Statutes 71.1050 – Severability
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If any provision or clause of the Uniform Commercial Code or application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of the Uniform Commercial Code that can be given effect without the invalid provision or application, and to this end the provisions of the Uniform Commercial Code are severable. [1961 c.726 § 71.1050; 1973 c.504 § 1; 1989 c.676 § 80; 1991 c.83 § 3; 1995 c.328 § 66; 1997 c.150 § 3; 2001 c.445 § 130; 2009 c.181 § 4]
Terms Used In Oregon Statutes 71.1050
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC