Oregon law requires Co-Petitioners to obey a restraining order preventing them from dissipating (selling, destroying, removing, disposing of) real or personal property, making unilateral (without the agreement of the other party) changes to insurance policies, and making extraordinary expenditures. Expenditures that are necessary for the safety or welfare of the parties are not prohibited.
Oregon Co-Petitioners' (with Minor Children) Notice of Statutory Restraining Order Preventing the Dissipation of Assets in Domestic Relations Action is a court-issued document that prevents the parties in a domestic relations action from dissipating assets in an effort to deny the other spouse or parent their rightful share of the marital or family assets. The document is issued when a petition for divorce, legal separation, or annulment is filed in Oregon, and it applies to both parties in the action. This restraining order is intended to protect the assets of both parties, and the minor children of the family, until the action is concluded. This restraining order prevents both parties from transferring, encumbering, concealing, or in any way dissipating any of the marital or family assets, which may include, but is not limited to, real or personal property, stocks, bonds, savings or checking accounts, retirement accounts, or other assets. The order also prohibits either party from selling, converting, or disposing of any assets, including any and all assets acquired during the marriage. There are two types of Oregon Co-Petitioners' (with Minor Children) Notice of Statutory Restraining Order Preventing the Dissipation of Assets in Domestic Relations Action: a temporary restraining order (TO) and a permanent restraining order (PRO). The TO is issued when the petition for divorce, legal separation, or annulment is first filed and is effective until a PRO is issued or the action is dismissed. The PRO is issued after a hearing in the case and is effective until the action is concluded.
