(1) When an applicant to purchase state lands desires to make payments in installments as provided in ORS 273.281, the Department of State Lands shall, upon receipt of one-fifth of the purchase price of the land applied for, deliver to the purchaser a certificate that the purchaser has contracted to purchase the lands therein described. Upon performance under the contract and upon the surrender of the certificate of sale, the purchaser, or the heirs or assigns of the purchaser, shall be entitled to a deed issued under ORS 273.300 for the lands therein described.
(2) The department shall maintain appropriate records of each sale. [Formerly 273.110]
Section: Previous 273.261 273.265 273.270 273.271 273.275 273.280 273.281 273.285 273.290 273.295 273.300 273.305 273.306 273.310 273.311 NextLast modified: August 7, 2008