Oregon Code § 105.305·Enacted ·Last updated March 01, 2026
Statute Text
Credit
allowed.
The court
shall, in the order of sale, direct the terms of credit which may be allowed
for the purchase money of any portion of the premises which it may direct to be
sold on credit; and for that portion of which the purchase money is required by
ORS 105.370 to be invested for the benefit of unknown owners, infants or
parties out of the state. The referees may take separate mortgages and other
securities for the whole or convenient portions of the purchase money of such
parts of the property as are directed by the court to be sold on credit, in the
name of the clerk of the court and the clerks successor in office. When there
is a known owner of full age, the security for the share of the owner shall be
executed in the name of the owner.
Plain English Explanation
This Oregon statute addresses Credit
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 105.305
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Credit
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 105.305. Use this format in legal documents and court filings.
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