Oregon Code § 94.878·Enacted ·Last updated March 01, 2026
Statute Text
Duties
of escrow agent.
An escrow agent holding funds under ORS 94.873:
(1) May invest
the escrowed funds in securities of the federal government or any agency
thereof or in savings or time deposits in institutions insured by an agency of
the federal government according to the terms of the agreement between the
escrow agent and the developer.
(2) Shall
maintain separate books and records for each timeshare plan in accordance with
generally accepted accounting methods. [1983 c.530 §36]
Plain English Explanation
This Oregon statute addresses Duties
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 94.878
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Duties
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