Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 321 - TIMBER TAXES
Section 150-321-0620 - Common Ownership of Small Tract Forestlands
Universal Citation: OR Admin Rules 150-321-0620
Current through Register Vol. 63, No. 9, September 1, 2024
(1) For purposes of ORS 321.700(1), "Direct ownership" means ownership of forestland by one or more individuals or control of property rights in forestland granted under a real estate contract, trust or other written agreement.
(2) "Majority interest" means an interest greater than 50 percent.
Statutory/Other Authority: ORS 305.100
Statutes/Other Implemented: ORS 321.700
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