(2) For the purposes of ORS 95.230 (1)(b) and 95.240, a person gives a reasonably equivalent value if the person acquires an interest in the debtor in an asset pursuant to a regularly conducted, noncollusive foreclosure sale or execution of a power of sale for the acquisition or disposition of the interest of the debtor upon default under a mortgage, deed of trust or security agreement.
(3) A transfer is made for present value if the exchange between the debtor and the transferee is intended by them to be contemporaneous and is in fact substantially contemporaneous. [1985 c.664 §3]
Structure 2021 Oregon Revised Statutes
Volume : 03 - Landlord-Tenant, Domestic Relations, Probate
Chapter 095 - Fraudulent Transfers and Conveyances
Section 95.200 - Definitions for ORS 95.200 to 95.310.
Section 95.210 - Insolvency described.
Section 95.220 - Value described.
Section 95.230 - Transfers fraudulent as to present and future creditors.
Section 95.240 - Transfers fraudulent as to present creditors.
Section 95.250 - When transfer is made or obligation is incurred.
Section 95.260 - Creditor’s remedies.
Section 95.270 - Transferee’s defenses, liability and protections.