Oregon Statutes 545.365 – Disposition of real property acquired by district; sale to member of board or employee prohibited
Current as of: 2023 | Check for updates
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Any irrigation district foreclosing or otherwise acquiring any real property may lease, operate or sell the property upon such terms and taking such security for the rental or purchase price as the board of directors may consider advisable. A member of the board of directors or employee of the irrigation district shall not purchase or be interested in any contract for purchase of lands sold by the district. [Formerly 545.142]
Terms Used In Oregon Statutes 545.365
- board of directors: means the governing body of a district. See Oregon Statutes 545.002
- Contract: A legal written agreement that becomes binding when signed.
- District: means an irrigation district organized or operating under this chapter. See Oregon Statutes 545.002
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.