Oregon Revised Statutes Chapter 273 § 273.290 — Cancellation and forfeiture on default in payments
Oregon Revised Statutes Chapter 273 ·
Oregon Code § 273.290·Enacted ·Last updated March 01, 2026
Statute Text
Cancellation and forfeiture on default in payments.
If any installment of the purchase
price of land, principal or interest, remains unpaid for one year after the
same becomes due, the certificate issued under ORS 273.285 shall be canceled by
order of the Department of State Lands. All payments thereon shall be forfeited
and the land considered vacant and subject to sale as if it had not been
previously contracted to be sold. [Formerly 273.130]
Plain English Explanation
This Oregon statute addresses Cancellation and forfeiture on default in payments. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 273.290
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Cancellation and forfeiture on default in payments. 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 § 273.290. Use this format in legal documents and court filings.
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