(1) The annexation shall be complete from the date of filing with the Secretary of State of the annexation records as provided in ORS § 222.177 and 222.900. Thereafter the annexed territory shall be and remain a part of the city to which it is annexed. The date of such filing shall be the effective date of annexation.

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(2) For annexation proceedings initiated by a city, the city may specify an effective date that is later than the date specified in subsection (1) of this section. If a later date is specified under this subsection, that effective date shall not be later than 10 years after the date of a proclamation of annexation described in ORS § 222.177. [Amended by 1961 c.322 § 1; 1967 c.624 § 15; 1973 c.501 § 2; 1981 c.391 § 5; 1985 c.702 § 12; 1991 c.637 § 9]