164.095 Theft by receiving.

(1) A person commits theft by receiving if the person receives, retains, conceals or disposes of property of another knowing or having good reason to know that the property was the subject of theft.

      (2) It is a defense to a charge of violating subsection (1) of this section if:

      The person makes a report in accordance with ORS 165.118 (3)(a).

      (3) “Receiving” means acquiring possession, control or title, or lending on the security of the

       property. [1971 c.743 §129; 2009 c.811 §9]

It is also good to note that selling a stolen bike is a felony.