Oregon Statutes 271.340 – Property valuation in exchange to be equal
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When property is exchanged under the authority of ORS § 271.310 to 271.330, the value of the real property accepted by the political subdivision in exchange for any of its property plus cash, if any, shall not be less than the value of the property relinquished. [Amended by 1981 c.787 § 30]
Terms Used In Oregon Statutes 271.340
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.