Oregon Statutes > Chapter 711 > Voluntary Liquidation; Dissolution
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Terms Used In Oregon Statutes > Chapter 711 > Voluntary Liquidation; Dissolution
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- City: includes any incorporated village or town. See Oregon Statutes 174.100
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Personal property: All property that is not real property.
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.