Oregon Administrative Rules
Chapter 629 - DEPARTMENT OF FORESTRY
Division 22 - FOREST RESOURCE TRUST
Section 629-022-0250 - Life of the Contract
Universal Citation: OR Admin Rules 629-022-0250
Current through Register Vol. 63, No. 12, December 1, 2024
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.
Stat. Auth.: ORS 526.700 - 526.730 & 526.745
Stats. Implemented: ORS 526.695 - 526.775
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