Statutes, codes, and regulations
Oregon Revised Statutes
Title 45 - WATER RESOURCES: IRRIGATION, DRAINAGE, FLOOD CONTROL, RECLAMATIONChapter 548 - PROVISIONS APPLICABLE BOTH TO DRAINAGE DISTRICTS AND TO IRRIGATION
COMPOSITION; BANKRUPTCY; REFUNDING AGREEMENTS
Section 548.715 - Debt refunding agreements; obtaining consent of unknown or nonconsenting creditors

ORS § 548.715

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Current through 2024 Regular Session legislation
Section 548.715 - Debt refunding agreements; obtaining consent of unknown or nonconsenting creditors

Whenever any irrigation or drainage district engaged in the refunding of its indebtedness has entered into a contract for such purposes with 80 percent or more of the owners or holders of its bonds, warrants or other evidences of indebtedness, such district may proceed to obtain the constructive consent of the unknown or nonconsenting owners or holders of such evidences of indebtedness to such contract, as provided by ORS 545.651 to 545.663.

ORS 548.715