475A.243 Powers related to decedents and insolvent or bankrupt persons

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OR Code › Title 37 › Chapter 475a › Section 475a.243

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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The Oregon Health Authority may, by rule or order, provide for the manner and conditions under which:

(1) Psilocybin products left by a deceased, insolvent or bankrupt person or licensee, or subject to a security interest, may be foreclosed, sold under execution or otherwise disposed.

(2) The business of a deceased, insolvent or bankrupt licensee may be operated for a reasonable period following the death, insolvency or bankruptcy.

(3) A secured party, as defined in ORS 79.0102 (UCC 9-102. Definitions and index of definitions) , may continue to operate at a premises for which a license has been issued under ORS 475A.210 (Short title) to 475A.722 (Severability) for a reasonable period after default on the indebtedness by the debtor. [2021 c.1 §51]

Source: Section 475A.243 — Powers related to decedents and insolvent or bankrupt persons , https://www.oregonlegislature.gov/bills_laws/ors/ors475A.html (accessed May 26, 2025).

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.