ORS 81.203: Effect of an assignment on a defense.

In the case of an assignment of a thing in action, an action or suit by the assignee is without prejudice to any setoff or other defense existing at the time of, or before notice of the assignment; but this section does not apply to a negotiable instrument transferred in good faith and upon good consideration before due. [Formerly 80.020] CENTRAL FILING SYSTEM FOR FARM PRODUCTS