If the provider is liquidated, the claims of the residents arising under residency agreements must be preferred claims that have priority over other unperfected claims against the provider's assets.

Statutory/Other Authority

ORS 101.150 & 410.090

Statutes/Other Implemented

ORS 101.065

History

SPD 8-2011, f. 3-31-11, cert. ef. 4-1-11