Oregon Revised Statutes Chapter 97 § 97.941 — Prearrangement or preconstruction trust fund deposits
Oregon Revised Statutes Chapter 97 ·
Oregon Code § 97.941·Enacted ·Last updated March 01, 2026
Statute Text
Prearrangement or preconstruction trust fund deposits.
(1) Upon receiving anything of
value under a prearrangement sales contract or preconstruction sales contract,
the certified provider who sold the contract shall deposit the following
amounts into one or more trust funds maintained pursuant to ORS 97.923 to
97.949, 97.992, 97.994 and 692.180:
(a) If the amount
received is in payment of a guaranteed prearrangement sales contract or
guaranteed preconstruction sales contract, 90 percent of the amount received.
The certified provider who sold the contract is entitled to receive the
remaining 10 percent.
(b) If the amount
received is in payment of a nonguaranteed prearrangement sales contract or
nonguaranteed preconstruction sales contract, 100 percent of the amount
received.
(2) A certified
provider shall pay all trust funds required by ORS 97.923 to 97.949, 97.992,
Plain English Explanation
This Oregon statute addresses Prearrangement or preconstruction trust fund deposits. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 97.941
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Prearrangement or preconstruction trust fund deposits. 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 § 97.941. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.