2011 Oregon Revised Statutes
ORS Volume 13, Chapters 536 - 644
ORS Chapter 554
554.580 Condition of approval of inclusion.


OR Rev Stat § 554.580 (through Leg Sess 2011) What's This?

(1) As a condition to approval of an application, if the meeting is on an application to include lands, the members may require the applicant to agree to pay a pro rata share of all unpaid obligations incurred for improvements which the applicant would have been required to pay if the land of the applicant had been in the corporation from its formation or from the time the obligations were incurred.

(2) From the date of filing articles of amendment with the Secretary of State, providing for the inclusion of such lands they shall be liable for obligations incurred and assessments levied. [1963 c.103 9]

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