2021 Oregon Revised Statutes
Chapter 079 - Secured Transactions
Section 79.0105 - UCC 9-105. Control of electronic chattel paper.


(2) A system satisfies the provisions of subsection (1) of this section if the record or records comprising the chattel paper are created, stored and assigned in such a manner that:
(a) A single authoritative copy of the record or records exists which is unique, identifiable and, except as otherwise provided in paragraphs (d), (e) and (f) of this subsection, unalterable;
(b) The authoritative copy identifies the secured party as the assignee of the record or records;
(c) The authoritative copy is communicated to and maintained by the secured party or its designated custodian;
(d) Copies or amendments that add or change an identified assignee of the authoritative copy can be made only with the consent of the secured party;
(e) Each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy; and
(f) Any amendment of the authoritative copy is readily identifiable as authorized or unauthorized. [2001 c.445 §5; 2012 c.12 §2]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 02 - Business Organizations, Commercial Code

Chapter 079 - Secured Transactions

Section 79.0102 - UCC 9-102. Definitions and index of definitions.

Section 79.0103 - UCC 9-103. Purchase-money security interest; application of payments; burden of establishing.

Section 79.0104 - UCC 9-104. Control of deposit account.

Section 79.0105 - UCC 9-105. Control of electronic chattel paper.

Section 79.0106 - UCC 9-106. Control of investment property.

Section 79.0108 - UCC 9-108. Sufficiency of description.

Section 79.0109 - UCC 9-109. Scope.

Section 79.0110 - UCC 9-110. Security interests arising under ORS chapter 72 or 72A.

Section 79.0201 - UCC 9-201. General effectiveness of security agreement.

Section 79.0203 - UCC 9-203. Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites.

Section 79.0204 - UCC 9-204. After-acquired property; future advances.

Section 79.0205 - UCC 9-205. Use or disposition of collateral permissible.

Section 79.0206 - UCC 9-206. Security interest arising in purchase or delivery of financial asset.

Section 79.0207 - UCC 9-207. Rights and duties of secured party having possession or control of collateral.

Section 79.0208 - UCC 9-208. Additional duties of secured party having control of collateral.

Section 79.0209 - UCC 9-209. Duties of secured party if account debtor has been notified of assignment.

Section 79.0210 - UCC 9-210. Request for accounting; request regarding list of collateral or statement of account.

Section 79.0301 - UCC 9-301. Law governing perfection and priority of security interests.

Section 79.0303 - UCC 9-303. Law governing perfection and priority of security interests in goods covered by a certificate of title.

Section 79.0304 - UCC 9-304. Law governing perfection and priority of security interests in deposit accounts.

Section 79.0305 - UCC 9-305. Law governing perfection and priority of security interests in investment property.

Section 79.0306 - UCC 9-306. Law governing perfection and priority of security interests in letter-of-credit rights.

Section 79.0307 - UCC 9-307. Location of debtor.

Section 79.0308 - UCC 9-308. When security interest or agricultural lien is perfected; continuity of perfection.

Section 79.0309 - UCC 9-309. Security interest perfected upon attachment.

Section 79.0310 - UCC 9-310. When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply.

Section 79.0311 - UCC 9-311. Perfection of security interests in property subject to certain statutes, regulations and treaties.

Section 79.0312 - UCC 9-312. Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights and money; perfection by permissive filing; temporary p...

Section 79.0313 - UCC 9-313. When possession by or delivery to secured party perfects security interest without filing.

Section 79.0314 - UCC 9-314. Perfection by control.

Section 79.0315 - UCC 9-315. Secured party’s rights on disposition of collateral and in proceeds.

Section 79.0316 - UCC 9-316. Effect of change in governing law.

Section 79.0317 - UCC 9-317. Interests that take priority over or take free of security interest or agricultural lien.

Section 79.0318 - UCC 9-318. No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers.

Section 79.0319 - UCC 9-319. Rights and title of consignee with respect to creditors and purchasers.

Section 79.0320 - UCC 9-320. Buyer of goods.

Section 79.0321 - UCC 9-321. Licensee of general intangible and lessee of goods in ordinary course of business.

Section 79.0322 - UCC 9-322. Priorities among conflicting security interests in and agricultural liens on same collateral.

Section 79.0323 - UCC 9-323. Future advances.

Section 79.0324 - UCC 9-324. Priority of purchase-money security interests.

Section 79.0325 - UCC 9-325. Priority of security interests in transferred collateral.

Section 79.0326 - UCC 9-326. Priority of security interests created by new debtor.

Section 79.0327 - UCC 9-327. Priority of security interests in deposit account.

Section 79.0328 - UCC 9-328. Priority of security interests in investment property.

Section 79.0329 - UCC 9-329. Priority of security interests in letter-of-credit right.

Section 79.0330 - UCC 9-330. Priority of purchaser of chattel paper or instrument.

Section 79.0331 - UCC 9-331. Priority of rights of purchasers of instruments, documents and securities under ORS chapters 73, 77 and 78; priority of interests in financial assets and security entitlements under ORS chapter 78.

Section 79.0332 - UCC 9-332. Transfer of money; transfer of funds from deposit account.

Section 79.0333 - UCC 9-333. Priority of certain liens arising by operation of law.

Section 79.0334 - UCC 9-334. Priority of security interests in fixtures and crops.

Section 79.0335 - UCC 9-335. Accessions.

Section 79.0336 - UCC 9-336. Commingled goods.

Section 79.0337 - UCC 9-337. Priority of security interests in goods covered by certificate of title.

Section 79.0338 - UCC 9-338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.

Section 79.0340 - UCC 9-340. Effectiveness of right of recoupment or setoff against deposit account.

Section 79.0341 - UCC 9-341. Bank’s rights and duties with respect to deposit account.

Section 79.0401 - UCC 9-401. Alienability of debtor’s rights.

Section 79.0403 - UCC 9-403. Agreement not to assert defenses against assignee.

Section 79.0404 - UCC 9-404. Rights acquired by assignee; claims and defenses against assignee.

Section 79.0405 - UCC 9-405. Modification of assigned contract.

Section 79.0406 - UCC 9-406. Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles and promissory notes ineffective.

Section 79.0407 - UCC 9-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest.

Section 79.0408 - UCC 9-408. Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective.

Section 79.0409 - UCC 9-409. Restrictions on assignment of letter-of-credit rights ineffective.

Section 79.0501 - UCC 9-501. Filing office.

Section 79.0502 - UCC 9-502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.

Section 79.0503 - UCC 9-503. Name of debtor and secured party.

Section 79.0504 - UCC 9-504. Indication of collateral.

Section 79.0505 - UCC 9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions.

Section 79.0506 - UCC 9-506. Effect of errors or omissions.

Section 79.0507 - UCC 9-507. Effect of certain events on effectiveness of financing statement.

Section 79.0508 - UCC 9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement.

Section 79.0509 - UCC 9-509. Persons entitled to file a record.

Section 79.0510 - UCC 9-510. Effectiveness of filed record.

Section 79.0511 - UCC 9-511. Secured party of record.

Section 79.0512 - UCC 9-512. Amendment of financing statement.

Section 79.0513 - UCC 9-513. Termination statement.

Section 79.0514 - UCC 9-514. Assignment of powers of secured party of record.

Section 79.0515 - UCC 9-515. Duration and effectiveness of financing statement; effect of lapsed financing statement; renewal notice; rules.

Section 79.0516 - UCC 9-516. What constitutes filing; effectiveness of filing.

Section 79.0518 - UCC 9-518. Claim concerning inaccurate or wrongfully filed record.

Section 79.0519 - UCC 9-519. Numbering, maintaining and indexing records; communicating information provided in records.

Section 79.0520 - UCC 9-520. Acceptance and refusal to accept record.

Section 79.0522 - UCC 9-522. Maintenance and destruction of records.

Section 79.0523 - UCC 9-523. Information from filing office; sale or license of records.

Section 79.0524 - UCC 9-524. Delay by filing office.

Section 79.0525 - UCC 9-525. Fees; rules.

Section 79.0526 - UCC 9-526. Filing-office rules.

Section 79.0601 - UCC 9-601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes.

Section 79.0602 - UCC 9-602. Waiver and variance of rights and duties.

Section 79.0603 - UCC 9-603. Agreement on standards concerning rights and duties.

Section 79.0604 - UCC 9-604. Procedure if security agreement covers real property or fixtures.

Section 79.0605 - UCC 9-605. Unknown debtor or secondary obligor.

Section 79.0607 - UCC 9-607. Collection and enforcement by secured party.

Section 79.0608 - UCC 9-608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus.

Section 79.0609 - UCC 9-609. Secured party’s right to take possession after default.

Section 79.0610 - UCC 9-610. Disposition of collateral after default.

Section 79.0611 - UCC 9-611. Notification before disposition of collateral.

Section 79.0612 - UCC 9-612. Timeliness of notification before disposition of collateral.

Section 79.0613 - UCC 9-613. Contents and form of notification before disposition of collateral: general.

Section 79.0614 - UCC 9-614. Contents and form of notification before disposition of collateral: consumer-goods transaction.

Section 79.0615 - UCC 9-615. Application of proceeds of disposition; liability for deficiency and right to surplus.

Section 79.0616 - UCC 9-616. Explanation of calculation of surplus or deficiency.

Section 79.0617 - UCC 9-617. Rights of transferee of collateral.

Section 79.0618 - UCC 9-618. Rights and duties of certain secondary obligors.

Section 79.0619 - UCC 9-619. Transfer of record or legal title.

Section 79.0620 - UCC 9-620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral.

Section 79.0621 - UCC 9-621. Notification of proposal to accept collateral.

Section 79.0622 - UCC 9-622. Effect of acceptance of collateral.

Section 79.0623 - UCC 9-623. Right to redeem collateral.

Section 79.0624 - UCC 9-624. Waiver.

Section 79.0625 - UCC 9-625. Remedies for secured party’s failure to comply with article.

Section 79.0626 - UCC 9-626. Action in which deficiency or surplus is in issue.

Section 79.0627 - UCC 9-627. Determination of whether conduct was commercially reasonable.

Section 79.0628 - UCC 9-628. Nonliability and limitation on liability of secured party; liability of secondary obligor.