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ORS 37.040

Known as the Oregon Receivership Code

The act spans §§ 37–37 (41 sections).

2017 c.358 §4

(1) Except as otherwise provided by law, the Oregon Receivership Code applies to all receiverships initiated in a court of this state, except for:

(a) Actions in which a state agency or officer is expressly authorized by statute to seek or obtain the appointment of a receiver; and

(b) Actions authorized by or commenced under federal law.

(2) In cases in which a state agency or officer is expressly authorized by statute to seek or obtain the appointment of a receiver, the state agency or officer may elect, when seeking appointment, for the receivership to be governed by the provisions of the Oregon Receivership Code.

(3) Except as otherwise provided by law, the provisions of the Oregon Receivership Code control over conflicting provisions of state law, including ORCP 80, with respect to receiverships governed by the Oregon Receivership Code.

Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.