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Section 78.2030 - Staleness as notice of defects or defenses.

OR Rev Stat § 78.2030 (2019) (N/A)
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(1) Requires the payment of money, the delivery of a certificated security, the registration of transfer of an uncertificated security, or any of them on presentation or surrender of the security certificate, the money or security is available on the date set for payment or exchange and the purchaser takes the security more than one year after that date; or

(2) Is not covered by subsection (1) of this section and the purchaser takes the security more than two years after the date set for surrender or presentation or the date on which performance became due. [1961 c.726 §78.2030; 1995 c.328 §19]

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Section 78.2020 - Terms of security; issuer’s responsibility and defenses; notice of defect or defense.
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Section 78.2040 - Effect of issuer’s restriction on transfer.