If two or more soil and water conservation districts are consolidated, the corporate existence of the districts and, except as provided in ORS § 568.545, the terms of office for the board of directors of the former districts expire upon the Secretary of State issuing and recording a certificate of formation for the consolidated district. Upon consolidation, the consolidated district shall assume and be vested with all rights and liabilities of the former districts. [2009 c.220 § 17]

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Terms Used In Oregon Statutes 568.471

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.

 

[Amended by 1973 c.656 § 8; 1981 c.92 § 22; repealed by 2009 c.220 § 34]