ORS 271.340: Property valuation in exchange to be equal.

Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07

When property is exchanged under the authority of ORS 271.310 to 271.330, the value of the real property accepted by the political subdivision in exchange for any of its property plus cash, if any, shall not be less than the value of the property relinquished. [Amended by 1981 c.787 §30]

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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors271.html