ORS 548.705¹
Irrigation or drainage district may file bankruptcy petition
  • confirmation of proceedings
  • composition of debts

At any time subsequent to default in the payment of principal or interest upon the bonded or warrant indebtedness of any irrigation or drainage district of this state, the board of directors or board of supervisors may cause a petition to be filed in the Federal District Court pursuant to the provisions of the Federal Bankruptcy Act. The consent of the state is given to any proceedings instituted or attempted before February 16, 1939, by any such district under the Federal Bankruptcy Act. The state also authorizes and confirms any proceedings by any such district to effect a plan of composition or of readjustment of its debts in accordance with the provisions and terms of that Act, and authorizes the consummation of any such proceedings.

Law Review Cita­tions

50 WLR 465 (2014)

1 Legislative Counsel Committee, CHAPTER 548—Provisions Applicable Both to Drainage Districts and to Irrigation, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors548.­html (2019) (last ac­cessed May 16, 2020).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2019, Chapter 548, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano548.­html (2019) (last ac­cessed May 16, 2020).
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.
Currency Information