Oregon Code § 734.120·Enacted ·Last updated March 01, 2026
Statute Text
Exclusive remedy; appeal.
(1) Delinquency proceedings pursuant to this chapter shall constitute the sole
and exclusive method of rehabilitating, liquidating or conserving an insurer,
and no court shall entertain a petition for the commencement of such
proceedings, or any other similar procedure, unless the same has been filed in
the name of the state on the relation of the Director of the Department of
Consumer and Business Services.
(2) An appeal
shall lie to the Court of Appeals from an order granting or refusing
rehabilitation, liquidation, or conservation, and from every order in
delinquency proceedings having the character of a final order as to the
particular portion of the proceedings embraced therein. [1967 c.359 §266; 1979
c.562 §33]