2021 Oregon Revised Statutes
Chapter 548 - Provisions Applicable Both to Drainage Districts and to Irrigation Districts
Section 548.905 - Petition for dissolution or reorganization; contents; effect of dissolution or reorganization on creditors.

(2) The petition shall state:
(a) That the petition is filed under ORS 548.900 to 548.955.
(b) The name of the district.
(c) The nature, terms and conditions of the dissolution or reorganization plan.
(d) The estimated cost of the dissolution or reorganization.
(e) A description of the assets of the district.
(f) A description of all outstanding indebtedness, including bonds and coupons and the holders thereof, so far as known, and the provisions to be made for payment of nonassenting holders.
(3) No dissolution or reorganization or any term or condition thereof shall impair the rights of any creditor of a district and each creditor may enforce the rights of the creditor in the same manner and to the same extent as if the change, term or condition had not been made. [1973 c.415 §2]

Structure 2021 Oregon Revised Statutes