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.
Statutory/Other Authority
ORS 526.700 - 526.730 & 526.745
Statutes/Other Implemented
ORS 526.695 - 526.775
History
DOF 1-2009, f. 1-12-09, cert. ef 2-1-09
DOF 2-2007, f. 1-10-07 cert. ef. 1-11-07
FB 4-1994, f. & cert. ef. 8-3-94