Oregon Statutes - Chapter 819 - Destroyed, Totaled, Abandoned, Low-Value and Stolen Vehicles; Vehicle Identification Numbers; Vehicle Appraisers - Section 819.250 - Return of sale; proceeds.

(1) When any vehicle is sold under ORS 819.210 or 819.220, the authority selling the vehicle shall transmit to the Department of Transportation, and to the treasurer of that authority, a return of sale setting forth:

(a) A description of the vehicle;

(b) The purchase price;

(c) The name and address of the purchaser;

(d) The costs incurred in the sale; and

(e) The costs and expenses incurred in the removal, preservation and custody of the vehicle.

(2) The authority selling the vehicle under ORS 819.210 or 819.220 shall transmit to the treasurer of that authority, with the return of sale, the balance of the proceeds of the sale. The authority may deduct from the proceeds the costs incurred in the sale and the costs and expenses incurred in the removal, preservation and custody of the vehicle. Upon receipt of the return of sale and such proceeds, the treasurer of the authority shall deposit such proceeds in the general fund of the authority and file in the treasurerís office the return of sale. [1983 c.338 §430; 1985 c.16 §226; 1985 c.94 §1]

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Last modified: August 7, 2008