Oregon Revised Statutes Chapter 441 § 441.585 — Disposition of excess earnings; disposition of assets on dissolution
Oregon Revised Statutes Chapter 441 ·
Oregon Code § 441.585·Enacted ·Last updated March 01, 2026
Statute Text
Disposition of excess earnings; disposition of assets on dissolution.
The earnings of the authority in
excess of the amount required for the retirement of indebtedness or the
accomplishment of the purposes stated in ORS 441.525 to 441.595 shall not inure
to the benefit of any person or body other than the municipality creating the
authority. Upon dissolution of an authority, any assets remaining after
provision for payment of the obligations and expenses of the authority shall
become the assets of the municipality. [1973 c.153 §13; 1977 c.201 §6]
Plain English Explanation
This Oregon statute addresses Disposition of excess earnings; disposition of assets on dissolution. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 441.585
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Disposition of excess earnings; disposition of assets on dissolution. Read the full statute text above for details.
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The formal citation is Oregon Code § 441.585. Use this format in legal documents and court filings.
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