Oregon § 273.370 Alternative to refund

Oregon Statutes

§ 273.370 — Alternative to refund

Oregon § 273.370

Vol.7

Title 25Public Lands

Ch. 273State Lands Generally

This text of Oregon § 273.370 (Alternative to refund) 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. § 273.370 (2026).

Text

If the Department of State Lands finds that the property erroneously conveyed has been identified generally as private property, as evidenced by the inclusion of the property on the assessment rolls of the county in which it is located for a period of 20 years or more immediately preceding, the department may refund to the grantee an amount not to exceed any of the following values:

(1)The current fair market value of the property erroneously conveyed;

(2)The amount of the most recently issued title insurance policy carried on the property, if such a title insurance policy has been issued regularly; or

(3)The estimated current value to the department of the indemnity selection rights reconveyed to the state.

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If the Department of State Lands finds that the property erroneously conveyed has been identified generally as private property, as evidenced by the inclusion of the property on the assessment rolls of the county in which it is located for a period of 20 years or more immediately preceding, the department may refund to the grantee an amount not to exceed any of the following values:
(1) The current fair market value of the property erroneously conveyed;
(2) The amount of the most recently issued title insurance policy carried on the property, if such a title insurance policy has been issued regularly; or
(3) The estimated current value to the department of the indemnity selection rights reconveyed to the state.