(1) Upon full payment of the purchase price and any accrued interest thereon the Director of the Department of State Lands shall execute a deed to the purchaser in a form prescribed by the rules of the Department of State Lands.

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Terms Used In Oregon Statutes 273.306

  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Department: means the Department of State Lands. See Oregon Statutes 273.006
  • Director: means the Director of the Department of State Lands. See Oregon Statutes 273.006

(2) The department shall maintain appropriate records of all deeds issued under this section. [Formerly 273.160]

 

[Formerly 273.570; 1967 c.421 § 79; renumbered 273.525]

 

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