Oregon Statutes 415.350 – Right to assets of CCO fixed as of date of order to liquidate
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The rights and liabilities of the coordinated care organization, its creditors and all other persons interested in its assets shall, unless otherwise directed by the court, be fixed as of the date on which an order directing the liquidation of the coordinated care organization is filed in the office of the clerk of the court that made the order, subject to the provisions of ORS § 415.404 with respect to the rights of claimants holding contingent claims. [2019 c.478 § 50]
Terms Used In Oregon Statutes 415.350
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(Claims Against Insolvent Coordinated Care Organization)