Oregon Statutes

§ 553.550 — Loans; assignment of assessments as security for

Oregon § 553.550
JurisdictionOregon
Vol.15
Title 45Water Resources; Irrigation, Drainage, Flood Control, Reclamation
Ch. 553Water Control Districts

This text of Oregon § 553.550 (Loans; assignment of assessments as security for) 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. § 553.550 (2026).

Text

A district may borrow money and secure repayment of the same by the assignment of any assessments theretofore levied. Whenever a levied assessment is assigned to secure the repayment of any sum of money borrowed, the assessment shall be paid to the assignee thereof or the agent of the assignee.

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Bluebook (online)
Oregon § 553.550, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/553.550.