Or. Rev. Stat. § 12.240
Effect of payment after obligation becomes due
Oregon · Oregon Revised Statutes Chapter 12 — Limitations of Actions and Suits · Status: effective
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- Or. Rev. Stat. § 12.240, Effect of payment after obligation becomes due, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2444167
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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.