ORS § 71.2050

Current through 2024 Regular Session legislation effective April 4, 2024
Section 71.2050 - Reasonable time; seasonableness
(1) Whether a time for taking an action required by the Uniform Commercial Code is reasonable depends on the nature, purpose and circumstances of the action.
(2) An action is taken seasonably if it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time.

ORS 71.2050

1961 c.726 § 71.2050; 2009 c. 181, § 12