Terms Used In Oregon Statutes > Chapter 131A > Asset Forfeiture Oversight Advisory Committee

• Asset forfeiture: A procedure by which a person's property is seized to pay judgments levied by the court.
• Civil forfeiture: The loss of ownership of property used to conduct illegal activity.
• Forfeiture counsel: means an attorney designated by a forfeiting agency to represent the forfeiting agency in forfeiture proceedings. See Oregon Statutes 131A.005
• Forfeiture proceeds: means all property that has been forfeited in a proceeding under this chapter, including money, earnings from forfeited property and amounts realized from the sale of forfeited property. See Oregon Statutes 131A.005
• Oversight: Committee review of the activities of a Federal agency or program.
• Property: means any interest in anything of value, including the whole of any lot or tract of land and tangible and intangible personal property, including currency, instruments or securities or any other kind of privilege, interest, claim or right whether due or to become due. See Oregon Statutes 131A.005
• Public body: has the meaning given in ORS § 174. See Oregon Statutes 131A.005
• State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100