Oregon Revised Statutes Chapter 456 § 456.210 — Power
Oregon Revised Statutes Chapter 456 ·
Oregon Code § 456.210·Enacted ·Last updated March 01, 2026
Statute Text
Power
of authority to confer additional rights upon obligee.
An authority, by its resolution,
trust indenture, mortgage, lease or other contract, may confer upon any obligee
holding or representing a specified amount in bonds, or holding a lease, the
right, in addition to all rights that may otherwise be conferred, upon the
happening of an event of default as defined in such resolution or instrument,
by suit, action or proceeding in any court of competent jurisdiction:
(1) To cause
possession of any housing project or any part thereof to be surrendered to an
obligee.
(2) To obtain the
appointment of a receiver of any housing project of the authority or any part
thereof and of the rents and profits therefrom. If a receiver is appointed, the
receiver may enter and take possession of the housing project or any part thereof
and operate and maintain it and collect and receive all fees, rents, revenues
or other charges thereafter arising therefrom, and shall keep such moneys in
separate accounts and apply them in accordance with the obligations of the
authority as the court directs.
(3) To require
the authority and its commissioners to account as if it and they were the
trustees of an express trust.
Plain English Explanation
This Oregon statute addresses Power
. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 456.210
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Power
. 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 § 456.210. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.