Oregon Statutes 37.150 – Duties of owner
(1) An owner shall:
Terms Used In Oregon Statutes 37.150
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Oath: A promise to tell the truth.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(a) Assist and cooperate fully with the receiver in the administration of the estate and the discharge of the receiver’s duties, and comply with all orders of the court;
(b) Supply to the receiver information necessary to enable the receiver to complete any schedules that the receiver is required to file under ORS § 37.190, and otherwise assist the receiver in the completion of the schedules;
(c) Upon the receiver’s appointment, deliver to the receiver all of the estate property in the person‘s possession, custody or control, including accounts, books, papers, records and other documents; and
(d) After the receiver’s appointment, submit to examination under oath by the receiver, or by any other person upon order of the court, concerning the acts, conduct, property, liabilities and financial condition of the owner or any matter relating to the receiver’s administration of the estate.
(2) When the owner is an entity, each officer, director, manager, member, partner or other individual exercising or having the power to exercise control over the affairs of the entity are subject to the requirements of this section. [2017 c.358 § 15]