Oregon Revised Statutes Chapter 327 § 327.455 — Record
Oregon Revised Statutes Chapter 327 ·
Oregon Code § 327.455·Enacted ·Last updated March 01, 2026
Statute Text
Record
of purchases by Department of State Lands on foreclosures; resale or lease of
land; disposition of proceeds.
The Director of the Department of State Lands shall keep a correct record of
all purchases on foreclosures under ORS 327.450 with a description of the lands
so purchased or acquired, and a statement of the fund to which they belong.
Such lands shall be placed in the hands of the director and sold or leased
under the direction of the department on the best terms obtainable, and the
proceeds, to the amount of the principal of the loans, shall be paid into the
fund from which the loans were made, and the excess paid to the interest
account of that fund.
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 327.455
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
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