ORS 12.240: Effect of payment after obligation becomes due.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
Whenever any payment of principal or interest is made after it has become due, upon an existing contract, whether it is a bill of exchange, promissory note, bond, or other evidence of indebtedness, the limitation shall commence from the time the last payment was made.
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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors012.html