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A Message from Jeff Davis – OREF Forms Counsel
Brokers occasionally ask whether a specific day that is celebrated in some way counts as a “business day” for the purposes of the time periods and deadlines in the OREF Real Estate Sale Agreements. Both the Sale Agreements and ORS 696 define business days as days other than Saturday, Sunday, Federal legal holidays, and Oregon legal holidays. Therefore the following listed holidays do not count as a business day.
If a holiday falls on a Sunday the following Monday is observed as the legal holiday. If it falls on a Saturday, the preceding Friday the observed legal holiday.
Please note, this list can change at any moment due to ORS 187.020 which states:
Additional legal holidays. in addition to those specified in ORS 187.010, the following days are legal holidays in this state:
(1) Every day appointed by the Governor as a holiday.
(2) Every day appointed by the President of the United States as a day of mourning, rejoicing or other special observance only when the Governor also appoints that day as a holiday.