Oregon Statutes 37.080 – Required disclosures relating to conflicts of interest
Current as of: 2023 | Check for updates
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A court may not appoint a person as a receiver unless the person first:
Terms Used In Oregon Statutes 37.080
- Oath: A promise to tell the truth.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(1) Discloses whether the person:
(a) Is an affiliate of a party to the receivership;
(b) Has an interest materially adverse to an interest of a party to the receivership;
(c) Has a material financial interest in the outcome of the action, other than compensation approved by the court;
(d) Has a debtor-creditor relationship with the owner; or
(e) Holds an equity interest in a party to the receivership, other than a noncontrolling interest in a publicly traded company; and
(2) Affirms under oath that the person’s disclosure under subsection (1) of this section is true and complete. [2017 c.358 § 8]