There is a newer version of the Oregon Revised Statutes
2015 Oregon Revised Statutes
Volume : 09 - Education and Culture
Chapter 327 - State Financing of Elementary and Secondary Education
Section 327.475 - When county court may acquire mortgaged lands deeded to state.
OR Rev Stat § 327.475 (2015) What's This?
Whenever the Department of State Lands receives a deed as described in ORS 327.465, the county court of the county in which the lands are situated may, within one year from the recorded date of such deed, acquire from the state the property so conveyed by paying to the state the total amount of the state’s investment in the property.
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