2015 ORS § 537.500¹
Legal status of conserved water right
(1) A water right for conserved water under ORS 537.455 (Definitions for ORS 537.455 to 537.500 and 540.510) to 537.500 (Legal status of conserved water right) and 540.510 (Appurtenancy of water to premises) shall have the same legal status as any other water right for which a certificate has been issued.
(2) A water right for conserved water that is reserved in stream for future out-of-stream use under ORS 537.490 (Use of conserved water) or that the commission manages under ORS 537.495 (Receipt by state agency or political subdivision of right to use conserved water) is not subject to cancellation under ORS 537.260 (Cancellation of permit for failure of proof of completion of appropriation) or 537.410 (Failure to commence or complete work, or to properly apply water, as grounds for cancellation of permit) to 537.450 (Rules for proof as to work and use of water under permits) or to abandonment or forfeiture under ORS 540.610 (Use as measure of water right) to 540.650 (Issuance of new water right certificate for water rights not canceled). [1987 c.264 §10; 1989 c.699 §3]
Note: See note under 537.455 (Definitions for ORS 537.455 to 537.500 and 540.510).