Oregon Code § 223.322·Enacted ·Last updated March 01, 2026
Statute Text
Proration of unpaid installments.
When a final assessment is being paid in installments under the Bancroft
Bonding Act or ORS 450.897, if the final assessment is apportioned among
smaller parcels of real property under ORS 223.317 to 223.327, the installments
remaining unpaid shall be prorated among those smaller parcels so that each
parcel shall be charged with that percentage of the remaining installment
payments equal to the percentage of the unpaid final assessment charged to the
parcel upon apportionment. [Formerly 308.145; 1991 c.902 §34; 1995 c.333 §22;
1997 c.833 §21]
Note:
See note under 223.317.
Plain English Explanation
This Oregon statute addresses Proration of unpaid installments. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 223.322
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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