§ 475A.243 — Powers related to decedents and insolvent or bankrupt persons

Oregon § 475A.243

• Jurisdiction: Oregon
• Vol.: 14
• Title 37: Alcoholic Liquors; Controlled Substances; Drugs
• Ch. 475A: Psilocybin Regulation

Text

The Oregon Health Authority may, by rule or order, provide for the manner and conditions under which:
(1) Psilocybin products left by a deceased, insolvent or bankrupt person or licensee, or subject to a security interest, may be foreclosed, sold under execution or otherwise disposed.
(2) The business of a deceased, insolvent or bankrupt licensee may be operated for a reasonable period following the death, insolvency or bankruptcy.
(3) A secured party, as defined in ORS 79A.1020, may continue to operate at a premises for which a license has been issued under ORS 475A.210 to 475A.722 for a reasonable period after default on the indebtedness by the debtor. [2021 c.1 §51]
(Application Process and Licenses)