Oregon Statutes 93.913 – Forfeiture allowed for default under certain collateral assignments of interest
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In the event of a default under a collateral assignment of the interest of a seller or purchaser in a land sale contract, including a collateral assignment of the proceeds thereof, the assignee may enforce a remedy of forfeiture, as set forth in ORS § 93.905 to 93.945, unless the agreement between the parties otherwise prohibits such remedy. [1989 c.516 § 3]
Terms Used In Oregon Statutes 93.913
- Contract: A legal written agreement that becomes binding when signed.
93.913 and 93.918 were added to and made a part of ORS Chapter 93 by legislative action but were not added to any series therein. See Preface to Oregon Revised Statutes for further explanation.