Legal Question in Workers Comp in Oregon

Payout of Settlement

When settlement is reached between the parties involved and a check is issued to the injured party does the check have to remain in the bank for 10 days under Oregon law to clear or can funds be dispersed before that time frame has been reached? If it does have to remain at the bank for 10 days is that 10 business days, or 10 calendar days?


Asked on 8/26/99, 1:56 pm

1 Answer from Attorneys
Richard Sly Richard Sly Attorney-at-law

Re: Payout of Settlement

You can disburse as soon as your bank debits your account. The problem arises only if the settlement check bounces. If that is a concern then ask your bank to tell you when the settlement check is paid by the drawers bank

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Answered on 8/27/99, 2:46 pm


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