Oregon Code § 553.550·Enacted ·Last updated March 01, 2026
Statute Text
Loans;
assignment of assessments as security for.
A district may borrow money and secure repayment of
the same by the assignment of any assessments theretofore levied. Whenever a
levied assessment is assigned to secure the repayment of any sum of money
borrowed, the assessment shall be paid to the assignee thereof or the agent of
the assignee.
Plain English Explanation
This Oregon statute addresses Loans;
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 553.550
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Loans;
. 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 § 553.550. Use this format in legal documents and court filings.
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