Statutes, codes, and regulations
Oregon Revised Statutes
Title 54 - CREDIT UNIONS, LENDING INSTITUTIONS AND PAWNBROKERSChapter 723 - CREDIT UNIONS
ACCOUNTS
Section 723.486 - Multiple party account; payment of deposit to one or more parties; credit union not required to determine source or use of funds in account

ORS § 723.486

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Current through 2024 Regular Session legislation
Section 723.486 - Multiple party account; payment of deposit to one or more parties; credit union not required to determine source or use of funds in account

Credit unions may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Any multiple-party account may be paid, on request, to any one or more of the parties. For purposes of establishing net contributions a credit union shall not be required to inquire about the source of funds received for deposit to a multiple-party account, or to inquire about the proposed application of any sum withdrawn from an account.

ORS 723.486

1999 c.185 §31