Oregon Revised Statutes Chapter 372 § 372.460 — after paying and discharging the debts to, or procuring releases from,
Oregon Revised Statutes Chapter 372 ·
Oregon Code § 372.460·Enacted ·Last updated March 01, 2026
Statute Text
after paying and discharging the debts to, or procuring releases from,
the nonassenting holders.
(3) Except as
provided by subsection (2) of this section, any surplus funds remaining to the
credit of the district, after payment of the indebtedness of the district,
shall be turned over to the county treasurer to become a part of the general
fund of the county. If the assets of the district are insufficient to pay the
indebtedness, the board of trustees shall levy taxes, within the limits of the
authority of the district, for the liquidation of such indebtedness.
(4) Upon
completing liquidation of the highway lighting district, the board of trustees
shall execute, under oath, a signed statement that the district has been
dissolved and its affairs liquidated, which statement shall be filed in the
office of the county clerk of the county. [1971 c.514 §36]
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Plain English Explanation
This Oregon statute addresses after paying and discharging the debts to, or procuring releases from,
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 372.460
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses after paying and discharging the debts to, or procuring releases from,
. 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 § 372.460. Use this format in legal documents and court filings.
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