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2019 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 079 - Secured Transactions
Section 79.0110 - UCC 9-110. Security interests arising under ORS chapter 72 or 72A.
Universal Citation: OR Rev Stat § 79.0110 (2019)
A security interest arising under ORS 72.4010, 72.5050, 72.7110 (3) or 72A.5080 (5) is subject to this chapter. However, until the debtor obtains possession of the goods:
(1) The security interest is enforceable, even if ORS 79.0203 (2)(c) has not been satisfied;
(2) Filing is not required to perfect the security interest;
(3) The rights of the secured party after default by the debtor are governed by ORS chapter 72 or 72A; and
(4) The security interest has priority over a conflicting security interest created by the debtor. [2001 c.445 §10]
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