(1) If the holder of a permit to appropriate water for hydroelectric purposes under this chapter fails, after receiving notice under ORS § 537.289 (2), to amend the joint agreement so the holder continues to qualify as a municipal applicant, or if the holder of the permit has assigned ownership of the permit to an entity other than a municipal corporation or district, the Water Resources Commission shall initiate proceedings to cancel the permit.

Terms Used In Oregon Statutes 537.295

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

(2) A proceeding to cancel a permit under subsection (1) of this section shall be conducted according to the provisions under ORS Chapter 183 for a contested case hearing. [1985 c.392 § 7; 1985 c.673 § 188]

 

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