Oregon Code § 372.470·Enacted ·Last updated March 01, 2026
Statute Text
Filing
of dissolution plan with county board; notice; hearing.
(1) When the district board has
complied with ORS 372.460, it shall thereupon file the petition or resolution
with the county board of the county and request dissolution of the district in
accordance with the plan. No proposal shall be filed until the assent of all
known holders of valid indebtedness against the district is obtained or
provision is made in the plan for payment of the nonassenting holders.
(2) Upon the
filing of the proposal, the county board shall fix a time for, and cause notice
to be given of, a hearing on the petition. The hearing shall be held not less
than 30 nor more than 50 days after the date the petition is filed with the
board. Notice of the hearing shall be given by:
(a) Posting in
three public places within the district not less than 15 days prior to the
hearing; and
(b) Publication
in some newspaper of general circulation in the district once a week for three
successive weeks before the hearing, making three publications, the last
publication being at least five days before the hearing.
(3) The notice
shall state the time and the place of the hearing, that it is proposed to
dissolve the district and that any interested person may appear and shall be
given a reasonable opportunity to be heard. The notice shall give a brief
summary of the proposed plan of dissolution and liquidation and state that a
copy is on file at the office of the county clerk, available for inspection. [1971
c.514 §35]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 372.470
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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