2021 Oregon Revised Statutes
Chapter 073 - Negotiable Instruments
Section 73.0501 - Presentment.


(2) The following rules are subject to ORS chapter 74, agreement of the parties, and clearing house rules and the like:
(a) Presentment may be made at the place of payment of the instrument and shall be made at the place of payment if the instrument is payable at the bank in the United States, may be made by any commercially reasonable means, including an oral, written or electronic communication, is effective when the demand for payment or acceptance is received by the person to whom presentment is made, and is effective if made to any one of two or more makers, acceptors, drawees or other payors.
(b) Upon demand of the person to whom presentment is made, the person making presentment must:
(A) Exhibit the instrument;
(B) Give reasonable identification and, if presentment is made on behalf of another person, reasonable evidence of authority to do so; and
(C) Sign a receipt on the instrument for any payment made or surrender the instrument if full payment is made.
(c) Without dishonoring the instrument, the party to whom presentment is made may:
(A) Return the instrument for lack of a necessary indorsement; or
(B) Refuse payment or acceptance for failure of the presentment to comply with the terms of the instrument, an agreement of the parties, or other applicable law or rule.
(d) The party to whom presentment is made may treat presentment as occurring on the next business day after the day of presentment if the party to whom presentment is made has established a cutoff hour not earlier than 2 p.m. for the receipt and processing of instruments presented for payment or acceptance and presentment is made after the cutoff hour. [1993 c.545 §62]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 02 - Business Organizations, Commercial Code

Chapter 073 - Negotiable Instruments

Section 73.0102 - Application of chapter.

Section 73.0103 - Definitions.

Section 73.0104 - Negotiable instrument; other definitions.

Section 73.0105 - Issue of instrument.

Section 73.0106 - Unconditional promise or order.

Section 73.0108 - Payable on demand or at definite time.

Section 73.0109 - Payable to bearer or to order.

Section 73.0110 - Identification of person to whom instrument is payable.

Section 73.0112 - Interest.

Section 73.0113 - Date of instrument.

Section 73.0115 - Incomplete instrument.

Section 73.0116 - Joint and several liability; contribution.

Section 73.0118 - Statute of limitations.

Section 73.0201 - Negotiation.

Section 73.0202 - Negotiation subject to rescission.

Section 73.0203 - Transfer of instrument; rights acquired by transfer.

Section 73.0204 - Indorsement.

Section 73.0205 - Special indorsement; blank indorsement; anomalous indorsement.

Section 73.0206 - Restrictive indorsement.

Section 73.0302 - Holder in due course.

Section 73.0303 - Value and consideration.

Section 73.0304 - Overdue instrument.

Section 73.0305 - Defenses and claims in recoupment.

Section 73.0307 - Notice of breach of fiduciary duty.

Section 73.0308 - Proof of signatures and status as holder in due course.

Section 73.0309 - Enforcement of lost, destroyed or stolen instrument.

Section 73.0310 - Effect of instrument on obligation for which taken.

Section 73.0312 - Lost, destroyed or stolen cashier’s check, teller’s check or certified check.

Section 73.0401 - Signature.

Section 73.0402 - Signature by representative.

Section 73.0403 - Unauthorized signature.

Section 73.0404 - Impostors; fictitious payees.

Section 73.0405 - Employer’s responsibility for fraudulent indorsement by employee.

Section 73.0406 - Negligence contributing to forged signature or alteration of instrument.

Section 73.0407 - Alteration.

Section 73.0409 - Acceptance of draft; certified check.

Section 73.0410 - Acceptance varying draft.

Section 73.0411 - Refusal to pay cashier’s checks, teller’s checks and certified checks.

Section 73.0413 - Obligation of acceptor.

Section 73.0414 - Obligation of drawer.

Section 73.0415 - Obligation of indorser.

Section 73.0416 - Transfer warranties.

Section 73.0417 - Presentment warranties.

Section 73.0418 - Payment or acceptance by mistake.

Section 73.0419 - Instruments signed for accommodation.

Section 73.0420 - Conversion of instrument.

Section 73.0501 - Presentment.

Section 73.0502 - Dishonor.

Section 73.0503 - Notice of dishonor.

Section 73.0504 - Excused presentment and notice of dishonor.

Section 73.0505 - Evidence of dishonor.

Section 73.0601 - Discharge and effect of discharge.

Section 73.0602 - Payment.

Section 73.0603 - Tender of payment.

Section 73.0604 - Discharge by cancellation or renunciation.

Section 73.0605 - Discharge of indorsers and accommodation parties.