It is the purpose of ORS § 97.923 to 97.949, 97.992, 97.994 and 692.180 to ensure funds for performance to purchasers who contract through prearrangement sales contracts for the purchase of funeral or cemetery merchandise or services, and through preconstruction sales contracts for undeveloped interment spaces. It is also the purpose of ORS § 97.923 to 97.949, 97.992, 97.994 and 692.180 to provide for the certification or registration of entities selling, offering for sale, administering or providing merchandise or services to fulfill prearrangement sales contracts and preconstruction sales contracts, the creation and administration of prearrangement sales contract and preconstruction sales contract trust funds, the disbursement and allocation of trust funds upon the certified provider’s performance of its contractual obligations and the protection for the purchaser upon the certified provider’s default. [Formerly 128.405; 2007 c.661 § 13; 2012 c.7 § 2]

Terms Used In Oregon Statutes 97.925

  • Contract: A legal written agreement that becomes binding when signed.

 

See note under 97.923.