Oregon Statutes 101.065 – Provider liquidation; resident claims preferred
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If the provider is liquidated, the claims of residents arising under residency agreements shall be preferred claims having priority over other unperfected claims against provider assets. [1997 c.633 § 3]
Terms Used In Oregon Statutes 101.065
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Provider: means an owner or operator, whether a natural person, partnership, trust, limited liability company, corporation or unincorporated association, however organized, of a new or existing continuing care retirement community, whether operated for profit or not, that provides, plans to provide or agrees to provide continuing care to one or more unrelated residents under a residency agreement. See Oregon Statutes 101.020