Your recipients will receive an email with this envelope shortly and will be able to access it on trellis. You can always see your envelopes by clicking the Inbox on the top right hand corner.
Your subscription has successfully been upgraded.
Current through Register Vol. 60, No. 12, December 1, 2021
(1) General: Except for a cash slip claimed jointly in accordance with the provisions of OAR 177-046-0110(5), until such time as a name of an individual or individuals is imprinted or placed upon a cash slip, a cash slip is a bearer instrument and is owned by the holder of the cash slip.
(2) Joint Owners: Multiple individuals at least 21 years of age may jointly own and claim payment as owners of a cash slip using the methods described in OAR 177-046-0110(5) for claiming jointly. Multiple individuals hold the cash slip as tenants in common. Multiple individuals may specify the percentage of ownership each person holds. Each individual must hold $1.00 of the cash slip value at a minimum.
(3) Owner: When a name is placed upon a cash slip in the designated area, the cash slip ceases to be a bearer instrument. The individual(s) whose name(s) appears in that area on the cash slip is the owner(s) of the cash slip. More than one name may be placed on a cash slip.
(4) Natural Person: Only a natural person who is at least 21 years of age may own a cash slip and claim payment for it.
Or. Admin. R. 177-200-0012
LOTT 7-2003(Temp), f. & cert. ef. 6-5-03 thru 11-28-03; LOTT 15-2003, f. & cert. ef. 9-29-03; LOTT 9-2010, f. 8-30-10, cert. ef. 9-5-10; LOTT 5-2017, temporary amend filed 10/09/2017, effective 10/09/2017 through 04/03/2018; LOTT 2-2018, amend filed 03/29/2018, effective 4/2/2018; LOTT 1-2021, amend filed 02/26/2021, effective 3/1/2021
Statutory/Other Authority: OR Const. Art. XV, § 4(4)(a), ORS 461.120, 461.217, 461.230 & 461.250
Statutes/Other Implemented: OR Const. Art. XV, § 4(4), ORS 461.120, 461.210, 461.215, 461.217, 461.220, 461.230, 461.240 & 461.250
This section was updated on 3/10/2021 by overlay.
For full print and download access, please subscribe at https://www.trellis.law/.
Please wait a moment while we load this page.