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ORS 94.878

Known as the Oregon Planned Community Act

The act spans §§ 94–94 (342 sections).

1983 c.530 §36

An escrow agent holding funds under ORS 94.873:

(1) May invest the escrowed funds in securities of the federal government or any agency thereof or in savings or time deposits in institutions insured by an agency of the federal government according to the terms of the agreement between the escrow agent and the developer.

(2) Shall maintain separate books and records for each timeshare plan in accordance with generally accepted accounting methods.

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