Oregon Statutes 114.450 – Deferral of requirements
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If the only asset of an estate is a personal injury cause of action that has not been adjudicated or settled, the court shall:
Terms Used In Oregon Statutes 114.450
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(1) Defer bond requirements until a settlement of the personal injury claim is approved under ORS § 114.447; and
(2) Accept an annual report on the status of the personal injury claim in lieu of the annual account required under ORS § 116.083. [2019 c.166 § 4]
See note under 114.441.
(Probate for Sole Purpose of Pursuing Wrongful Death Claim)