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2013 Regular Session
Overview
At the request of: (at the request of House Interim Committee on Judiciary for Oregon State Bar Debtor-Creditor Section)
Chief Sponsors:
Regular Sponsors: Introduced and printed pursuant to House Rule 12.00. Presession filed
Bill Title: Relating to conditions for certain trustee's signatures on trust deed documents.
Catchline/Summary: Allows law practices to serve as trustees of trust deeds.
Permits attorney who is shareholder, partner, member, proprietor or employee of law practice that is trustee to sign document that is permitted or required to be signed in connection with trust deed if attorney provides attorney's full name, Oregon State Bar number and relationship between attorney and trustee.] Provides that if law practice is trustee, attorney who is active member of Oregon State Bar and is shareholder, partner, member or employee of law practice shall sign documents on trustee's behalf. Requires attorney who signs document to make evident in document attorney's name and Oregon State Bar number and to state that trustee has authorized attorney to sign document on trustee's behalf. Permits other attorney who is active member of Oregon State Bar and is shareholder, partner, member or employee of law practice in which attorney practices to sign documents on trustee's behalf. Requires other attorney to make evident in document other attorney's name and Oregon State Bar number and to state that trustee has authorized other attorney to sign document on trustee's behalf.
Chapter Number: Chapter 125
Fiscal Impact: No Fiscal Impact
Revenue Impact: No Revenue Impact
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: Chapter Number Assigned
Current Committee:
Current Subcommittee:
Subsequent Referral(s):
Measure History
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