Oregon Statutes - Chapter 456 - Housing - Section 456.165 - Vested rights of creditors not affected by restrictions of ORS 456.155 and 456.160.

ORS 456.155 and 456.160 do not limit the power of an authority to vest in an obligee the right, in the event of a default by the authority, to take possession of a housing project or cause the appointment of a receiver thereof or acquire title thereto through foreclosure proceedings, free from all the restrictions imposed by those sections.

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Last modified: August 7, 2008