Oregon § 271.335 Relinquishing reversionary interest held by political subdivision

Oregon Statutes

§ 271.335 — Relinquishing reversionary interest held by political subdivision

Oregon § 271.335

Vol.7

Title 25Public Lands

Ch. 271USE OF PUBLIC LANDS; EASEMENTS

This text of Oregon § 271.335 (Relinquishing reversionary interest held by political subdivision) 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. § 271.335 (2026).

Text

Any political subdivision, by resolution adopted by the governing body of the political subdivision, may waive and relinquish any reversionary interest held by the political subdivision in property transferred under ORS 271.330 when the transfer occurred:

(1)Not less than 20 years prior to the date on which the resolution is adopted; or

(2)Less than 20 years prior to the date on which the resolution is adopted, if the political subdivision determines that waiving and relinquishing its reversionary interest is in the public interest.

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Any political subdivision, by resolution adopted by the governing body of the political subdivision, may waive and relinquish any reversionary interest held by the political subdivision in property transferred under ORS 271.330 when the transfer occurred:
(1) Not less than 20 years prior to the date on which the resolution is adopted; or
(2) Less than 20 years prior to the date on which the resolution is adopted, if the political subdivision determines that waiving and relinquishing its reversionary interest is in the public interest.