Oregon Code § 548.705·Enacted ·Last updated March 01, 2026
Statute Text
Irrigation
or drainage district may file bankruptcy petition; confirmation of proceedings;
composition of debts.
At any time subsequent to default in the payment of principal or interest upon
the bonded or warrant indebtedness of any irrigation or drainage district of
this state, the board of directors or board of supervisors may cause a petition
to be filed in the Federal District Court pursuant to the provisions of the
Federal Bankruptcy Act. The consent of the state is given to any proceedings
instituted or attempted before February 16, 1939, by any such district under
the Federal Bankruptcy Act. The state also authorizes and confirms any
proceedings by any such district to effect a plan of composition or of
readjustment of its debts in accordance with the provisions and terms of that
Act, and authorizes the consummation of any such proceedings.
Plain English Explanation
This Oregon statute addresses Irrigation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 548.705
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Irrigation
. 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 § 548.705. Use this format in legal documents and court filings.
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