Bill

Bill > SB899


OR SB899

OR SB899
Relating to receivership.


summary

Introduced
02/28/2017
In Committee
05/12/2017
Crossed Over
04/19/2017
Passed
06/01/2017
Dead
Signed/Enacted/Adopted
06/22/2017

Introduced Session

2017 Legislative Measures

Bill Summary

Creates uniform procedures for receiverships initiated in courts of this state, with certain exceptions. Provides that Act controls over conflicting provisions of ORCP 80 with respect to receiverships governed by Act.

AI Summary

This bill creates the Oregon Receivership Code, which establishes uniform procedures for receiverships initiated in courts of this state, with certain exceptions. The bill specifies the powers and duties of receivers, including the ability to take control of and manage property, and sets out requirements for notice, claims processes, and distributions to creditors. The bill also provides that its provisions control over conflicting provisions in existing state law, such as the Oregon Rules of Civil Procedure.

Committee Categories

Justice

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Judiciary (Senate)

Last Action

Effective date, January 1, 2018. (on 06/22/2017)

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