There is a newer version of the Oregon Revised Statutes
2013 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 080 - Assignment; Central Filing System for Farm Products
Section 80.020 - Effect of an assignment on a defense.
OR Rev Stat § 80.020 (2013) What's This?
In the case of an assignment of a thing in action, an action or suit by the assignee is without prejudice to any setoff or other defense existing at the time of, or before notice of the assignment; but this section does not apply to a negotiable instrument transferred in good faith and upon good consideration before due.
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