Title 8, Commercial Transactions

ORS 80.1010 to 80.1070 may be cited as Uniform Commercial Code–Controllable Electronic Records. [2025 c.33 §94]

(1) In ORS 80.1010 to 80.1070: (a)(A) “Controllable electronic record” means a record stored in an electronic medium that can be subjected to control under ORS 80.1050. (B) “Controllable electronic record” does not include a controllable account, a controllable payment intangible…

(1) If there is a conflict between ORS 80.1010 to 80.1070 and ORS chapter 79A, ORS chapter 79A governs. (2) A transaction subject to ORS 80.1010 to 80.1070 is subject to any applicable rule of law that establishes a different rule for consumers. [2025 c.33 §96]

(1) This section applies to the acquisition and purchase of rights in a controllable account or controllable payment intangible, including the rights and benefits under subsections (3), (4), (5) and (8) of this section of a purchaser and qualifying purchaser, in the same manner t…

(1) A person has control of a controllable electronic record if the electronic record, a record attached to or logically associated with the electronic record or a system in which the electronic record is recorded: (a) Gives the person: (A) Power to avail itself of substantially …

(1) An account debtor on a controllable account or controllable payment intangible may discharge its obligation by paying: (a) The person having control of the controllable electronic record that evidences the controllable account or controllable payment intangible; or (b) Except…

(1) Except as provided in subsection (2) of this section, the local law of a controllable electronic record’s jurisdiction governs a matter covered under ORS 80.1010 to 80.1070. (2) For a controllable electronic record that evidences a controllable account or controllable payment…