Oregon Statutes 190.020 – Contents of agreement
(1) An agreement under ORS § 190.010 shall specify the functions or activities to be performed and by what means they shall be performed. Where applicable, the agreement shall provide for:
Terms Used In Oregon Statutes 190.020
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Personal property: All property that is not real property.
(a) The apportionment among the parties to the agreement of the responsibility for providing funds to pay for expenses incurred in the performance of the functions or activities.
(b) The apportionment of fees or other revenue derived from the functions or activities and the manner in which such revenue shall be accounted for.
(c) The transfer of personnel and the preservation of their employment benefits.
(d) The transfer of possession of or title to real or personal property.
(e) The term or duration of the agreement, which may be perpetual.
(f) The rights of the parties to terminate the agreement.
(2) When the parties to an agreement are unable, upon termination of the agreement, to agree on the transfer of personnel or the division of assets and liabilities between the parties, the circuit court has jurisdiction to determine that transfer or division. [Amended by 1967 c.550 § 5]