ORS 415.406: Priority of secured claims.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
The owner of a secured claim against a coordinated care organization for which a receiver has been appointed may surrender the security and file a claim as a general creditor, or the claim may be discharged by resort to the security, in which case the deficiency, if any, shall be treated as a claim against the general assets of the coordinated care organization on the same basis as claims of unsecured creditors. [2019 c.478 §47]
Administrative rules citing this section
- OAR 410-141-5000: FINANCIAL SOLVENCY REGULATION: Definitions — implements
- OAR 410-141-5010: FINANCIAL SOLVENCY REGULATION: Procedure for General Financial Reporting and for Determining Financial Solvency Matters — implements
- OAR 410-141-5245: EXAMINATIONS: CCO Production of Books and Records — authority
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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors415.html