The credit union shall have a lien on all funds of a member or joint owner on deposit with the credit union in any individual or joint account held in any capacity, for any obligation of the member or joint owner to the credit union. [Formerly 723.436; 1991 c.635 § 12; 1999 c.185 § 57]

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Terms Used In Oregon Statutes 723.454

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

 

[Formerly 723.442; 1991 c.635 § 13; repealed by 2001 c.308 § 5]

 

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