Oregon § 441.585 Disposition of excess earnings; disposition of assets on dissolution

Oregon Statutes

§ 441.585 — Disposition of excess earnings; disposition of assets on dissolution

Oregon § 441.585

Vol.12

Title 36Public Health and Safety

Ch. 441Health Care Facilities

This text of Oregon § 441.585 (Disposition of excess earnings; disposition of assets on dissolution) 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. § 441.585 (2026).

Text

The earnings of the authority in excess of the amount required for the retirement of indebtedness or the accomplishment of the purposes stated in ORS 441.525 to 441.595 shall not inure to the benefit of any person or body other than the municipality creating the authority. Upon dissolution of an authority, any assets remaining after provision for payment of the obligations and expenses of the authority shall become the assets of the municipality.

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The earnings of the authority in excess of the amount required for the retirement of indebtedness or the accomplishment of the purposes stated in ORS 441.525 to 441.595 shall not inure to the benefit of any person or body other than the municipality creating the authority. Upon dissolution of an authority, any assets remaining after provision for payment of the obligations and expenses of the authority shall become the assets of the municipality.