(1) This chapter applies to negotiable instruments. This chapter does not apply to money, to payment orders governed by ORS Chapter 74, or to securities governed by ORS Chapter 78.

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Terms Used In Oregon Statutes 73.0102

  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC

(2) If there is conflict between this chapter and ORS Chapter 74 or 79, ORS Chapter 74 or 79 shall govern.

(3) Regulations of the Board of Governors of the Federal Reserve System and operating circulars of the Federal Reserve Banks supersede any inconsistent provision of this chapter to the extent of the inconsistency. [1993 c.545 § 5; 1995 c.79 § 24]

 

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