Oregon Statutes 415.406 – Priority of secured claims
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The owner of a secured claim against a coordinated care organization for which a receiver has been appointed may surrender the security and file a claim as a general creditor, or the claim may be discharged by resort to the security, in which case the deficiency, if any, shall be treated as a claim against the general assets of the coordinated care organization on the same basis as claims of unsecured creditors. [2019 c.478 § 47]
Terms Used In Oregon Statutes 415.406
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.