(1) Except as otherwise provided in subsection (2) of this section, ORS § 84.001 to 84.061 apply to electronic records and electronic signatures relating to a transaction.

Terms Used In Oregon Statutes 84.007

  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC

(2) ORS § 84.001 to 84.061 do not apply to a transaction to the extent it is governed by:

(a) A law governing the creation and execution of wills, codicils or testamentary trusts; or

(b) The Uniform Commercial Code other than ORS chapters 72 and 72A.

(3) ORS § 84.001 to 84.061 apply to an electronic record or electronic signature otherwise excluded from the application of ORS § 84.001 to 84.061 under subsection (2) of this section to the extent it is governed by a law other than those specified in subsection (2) of this section.

(4) A transaction subject to ORS § 84.001 to 84.061 is also subject to other applicable substantive law. [2001 c.535 § 3; 2009 c.181 § 103]