ORS 105.774: Exclusions from application of ORS 105.770 and 105.772.

ORS 105.770 to 105.774 shall not apply to conveyances made in favor of:

      (1) The State of Oregon or any unit of local government as defined in ORS 190.003; or

      (2) A corporation so long as it remains qualified as a nonprofit corporation pursuant to ORS chapter 65. If a corporation ceases to be so qualified, the conveyance to said corporation shall be treated in the same manner as a conveyance subject to the provisions of ORS 105.772. [1977 c.723 §3]

SUBSTANTIAL DAMAGE FROM FLOODING TO RESIDENTIAL STRUCTURES