Oregon Revised Statutes Chapter 198 § 198.950 — Power
Oregon Revised Statutes Chapter 198 ·
Oregon Code § 198.950·Enacted ·Last updated March 01, 2026
Statute Text
Power
of trustees to convey assets.
The board of trustees may convey to another district all assets of the
dissolving district as described by ORS 198.930:
(1) If the other
district assumes all debts and obligations of the dissolving district and
undertakes to continue to furnish the service provided by the dissolving
district pursuant to the plan of dissolution and liquidation; and
(2) If the
consent of all the known holders of valid indebtedness against the district has
been obtained, or provision has been made in the plan for payment of the
nonassenting holders. [1971 c.727 §55]
Plain English Explanation
This Oregon statute addresses Power
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 198.950
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Power
. Read the full statute text above for details.
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