Oregon Statutes - Chapter 116 - Accounting, Distribution and Closing - Section 116.153 - Right of offset and retainer.

The amount of the indebtedness of a distributee to the estate if due, or its present worth if not due, shall be offset against the interest of the distributee in the estate; but the distributee has the benefit of any defense that would be available to the distributee in a direct proceeding for recovery of the debt. The right of offset and retainer is prior and superior to the rights of judgment creditors, heirs or assignees of the distributee. [1969 c.591 §182]

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Last modified: August 7, 2008