Oregon Revised Statutes Chapter 273 § 273.431 — Procedure for determining value of properties to be exchanged
Oregon Revised Statutes Chapter 273 ·
Oregon Code § 273.431·Enacted ·Last updated March 01, 2026
Statute Text
Procedure for determining value of properties to be exchanged.
(1) The value of the respective
properties proposed to be exchanged shall be determined by the state agency,
board or commission which has supervision and direction of the department or
activity of the state for which such property is held or belongs, and if there
be no such agency, board or commission, then by the Department of State Lands.
The state agency, board or commission may use an appraised value as one indicia
of the value of the property.
(2) The state
agency, board or commission shall cause the property to be appraised by one or
more competent and experienced appraisers. The compensation, if any, of the
appraisers shall be borne equally by the respective owners of the property. In
case such valuation shall not be mutually satisfactory to the respective owners
the same shall not be binding upon them. [1981 c.787 §14; 1991 c.816 §20]
Plain English Explanation
This Oregon statute addresses Procedure for determining value of properties to be exchanged. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 273.431
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Procedure for determining value of properties to be exchanged. Read the full statute text above for details.
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