Oregon Code § 548.715·Enacted ·Last updated March 01, 2026
Statute Text
Debt
refunding agreements; obtaining consent of unknown or nonconsenting creditors.
Whenever any irrigation or
drainage district engaged in the refunding of its indebtedness has entered into
a contract for such purposes with 80 percent or more of the owners or holders
of its bonds, warrants or other evidences of indebtedness, such district may
proceed to obtain the constructive consent of the unknown or nonconsenting
owners or holders of such evidences of indebtedness to such contract, as
provided by ORS 545.651 to 545.663.
Plain English Explanation
This Oregon statute addresses Debt
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 548.715
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Debt
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