§ 12.240 Effect of payment

Codes > Oregon Revised Statutes > Title 2 > Chapter 12 : General Provisions > 12.240

12.240. Effect of payment

    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.