Oregon Revised Statutes Chapter 450 § 450.295 — Refinancing indebtedness of district; court-appointed receiver may operate
Oregon Revised Statutes Chapter 450 ·
Oregon Code § 450.295·Enacted ·Last updated March 01, 2026
Statute Text
Refinancing indebtedness of district; court-appointed receiver may operate
system.
If any
district fails to meet, when due, any obligations sold to the state under
authority of ORS 450.250 to 450.300, the State Treasurer and the district may
agree upon and put into effect, any plan they may consider expedient for
refinancing the indebtedness of the district, or the State Treasurer, with the
approval of the circuit court of the county in which the major portion of the
assessed valuation of the district is located, may appoint a receiver to
operate the sewerage system. The receiver shall act as such so long as the
circuit court deems receivership necessary to protect the interests of the
state and of the district. [1955 c.577 §10]
Plain English Explanation
This Oregon statute addresses Refinancing indebtedness of district; court-appointed receiver may operate
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 450.295
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Refinancing indebtedness of district; court-appointed receiver may operate
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The formal citation is Oregon Code § 450.295. Use this format in legal documents and court filings.
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