Oregon § 198.950 Power of trustees to convey assets

Oregon Statutes

§ 198.950 — Power of trustees to convey assets

Oregon § 198.950

Vol.5

Title 19Miscellaneous Matters Related to Government and Public Affairs

Ch. 198Special Districts Generally

This text of Oregon § 198.950 (Power of trustees to convey assets) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 198.950 (2026).

Text

The board of trustees may convey to another district all assets of the dissolving district as described by ORS 198.930:

(1)If the other district assumes all debts and obligations of the dissolving district and undertakes to continue to furnish the service provided by the dissolving district pursuant to the plan of dissolution and liquidation; and

(2)If the consent of all the known holders of valid indebtedness against the district has been obtained, or provision has been made in the plan for payment of the nonassenting holders.

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The board of trustees may convey to another district all assets of the dissolving district as described by ORS 198.930:
(1) If the other district assumes all debts and obligations of the dissolving district and undertakes to continue to furnish the service provided by the dissolving district pursuant to the plan of dissolution and liquidation; and
(2) If the consent of all the known holders of valid indebtedness against the district has been obtained, or provision has been made in the plan for payment of the nonassenting holders.