Oregon § 294.750 Experience and liability of successor political subdivisions; unpaid assessment

Oregon Statutes

§ 294.750 — Experience and liability of successor political subdivisions; unpaid assessment

Oregon § 294.750

Vol.7

Title 28Public Financial Administration

Ch. 294County and Municipal Financial Administration

This text of Oregon § 294.750 (Experience and liability of successor political subdivisions; unpaid assessment) 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. § 294.750 (2026).

Text

(1)The experience and liabilities of a political subdivision that has ceased to exist shall be acquired by the successor political subdivision.

(2)Notwithstanding subsection (1) of this section, all units of government who are parties to an agreement to form a political subdivision shall be liable for any unpaid assessments of that political subdivision and for such amounts as necessary to maintain the account balance of the political subdivision, if no longer in existence, at zero dollars.

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(1) The experience and liabilities of a political subdivision that has ceased to exist shall be acquired by the successor political subdivision.
(2) Notwithstanding subsection (1) of this section, all units of government who are parties to an agreement to form a political subdivision shall be liable for any unpaid assessments of that political subdivision and for such amounts as necessary to maintain the account balance of the political subdivision, if no longer in existence, at zero dollars.