Oregon Statutes 411.692 – Definition for ORS 93.268 and 411.694
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As used in ORS § 93.268 and 411.694, ‘encumbrance’ means a voluntary instrument granting a security interest in the affected real property to secure a monetary obligation. [2003 c.638 § 1; 2005 c.22 § 279]
Terms Used In Oregon Statutes 411.692
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
411.692 and 411.694 were enacted into law by the Legislative Assembly but were not added to or made a part of ORS Chapter 411 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.