OAR 629-022-0250: Life of the Contract

Edition: Current OARD snapshotEffective: 2007-01-11Last verified: 2026-09-07

The Loan Program Contract between the Landowner and the Trust must be terminated when: (1) The Landowner makes full payment described in OAR 629-022-0300; or (2) A Catastrophe destroys the entire Forest Stand, leaving No Salvage Value; or (3) Two hundred years, or as otherwise specified in the contract, elapse since the execution of the original contract.

Official history and status

Statutory/Other Authority: ORS 526.700 - 526.730 & 526.745

Statutes/Other Implemented: ORS 526.695 - 526.775

History: DOF 1-2009, f. 1-12-09, cert. ef 2-1-09 DOF 2-2007, f. 1-10-07 cert. ef. 1-11-07 FB 4-1994, f. & cert. ef. 8-3-94

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Official source: https://secure.sos.state.or.us/oard/