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Section 79.0102 - UCC 9-102. Definitions and index of definitions. - (a) "Accession" means goods that are physically united with other...
Section 79.0103 - UCC 9-103. Purchase-money security interest; application of payments; burden of establishing. - (a) "Purchase-money collateral" means goods or software that secures a...
Section 79.0104 - UCC 9-104. Control of deposit account. - (a) The secured party is the bank with which the...
Section 79.0105 - UCC 9-105. Control of electronic chattel paper. - (2) A system satisfies the provisions of subsection (1) of...
Section 79.0106 - UCC 9-106. Control of investment property. - (2) A secured party has control of a commodity contract...
Section 79.0108 - UCC 9-108. Sufficiency of description. - (2) Except as otherwise provided in subsection (4) of this...
Section 79.0109 - UCC 9-109. Scope. - (a) A transaction, regardless of its form, that creates a...
Section 79.0110 - UCC 9-110. Security interests arising under ORS chapter 72 or 72A. - (1) The security interest is enforceable, even if ORS 79.0203...
Section 79.0201 - UCC 9-201. General effectiveness of security agreement. - (2) A transaction subject to this chapter is subject to...
Section 79.0203 - UCC 9-203. Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites. - (2) Except as otherwise provided in subsections (3) to (9)...
Section 79.0204 - UCC 9-204. After-acquired property; future advances. - (2) A security interest does not attach under a term...
Section 79.0205 - UCC 9-205. Use or disposition of collateral permissible. - (a) The debtor has the right or ability to: (A)...
Section 79.0206 - UCC 9-206. Security interest arising in purchase or delivery of financial asset. - (a) The person buys a financial asset through the securities...
Section 79.0207 - UCC 9-207. Rights and duties of secured party having possession or control of collateral. - (2) Except as otherwise provided in subsection (4) of this...
Section 79.0208 - UCC 9-208. Additional duties of secured party having control of collateral. - (2) Within 10 days after receiving an authenticated demand by...
Section 79.0209 - UCC 9-209. Duties of secured party if account debtor has been notified of assignment. - (a) There is no outstanding secured obligation; and (b) The...
Section 79.0210 - UCC 9-210. Request for accounting; request regarding list of collateral or statement of account. - (a) "Request" means a record of a type described in...
Section 79.0301 - UCC 9-301. Law governing perfection and priority of security interests. - (1) Except as otherwise provided in this section, while a...
Section 79.0303 - UCC 9-303. Law governing perfection and priority of security interests in goods covered by a certificate of title. - (2) Goods become covered by a certificate of title when...
Section 79.0304 - UCC 9-304. Law governing perfection and priority of security interests in deposit accounts. - (2) The following rules determine a bank’s jurisdiction for purposes...
Section 79.0305 - UCC 9-305. Law governing perfection and priority of security interests in investment property. - (a) While a security certificate is located in a jurisdiction,...
Section 79.0306 - UCC 9-306. Law governing perfection and priority of security interests in letter-of-credit rights. - (2) For purposes of ORS 79.0301 to 79.0342, an issuer’s...
Section 79.0307 - UCC 9-307. Location of debtor. - (2) Except as otherwise provided in this section, the following...
Section 79.0308 - UCC 9-308. When security interest or agricultural lien is perfected; continuity of perfection. - (2) An agricultural lien is perfected if it has become...
Section 79.0309 - UCC 9-309. Security interest perfected upon attachment. - (1) A purchase-money security interest in consumer goods, except as...
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. - (2) The filing of a financing statement is not necessary...
Section 79.0311 - UCC 9-311. Perfection of security interests in property subject to certain statutes, regulations and treaties. - (a) A statute, regulation or treaty of the United States...
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... - (2) Except as otherwise provided in ORS 79.0315 (3) and...
Section 79.0313 - UCC 9-313. When possession by or delivery to secured party perfects security interest without filing. - (2) With respect to goods that are covered by a...
Section 79.0314 - UCC 9-314. Perfection by control. - (2) A security interest in deposit accounts, electronic chattel paper,...
Section 79.0315 - UCC 9-315. Secured party’s rights on disposition of collateral and in proceeds. - (a) A security interest or agricultural lien continues in collateral...
Section 79.0316 - UCC 9-316. Effect of change in governing law. - (a) The time perfection would have ceased under the law...
Section 79.0317 - UCC 9-317. Interests that take priority over or take free of security interest or agricultural lien. - (a) A person entitled to priority under ORS 79.0322; and...
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. - (2) For purposes of determining the rights of creditors of,...
Section 79.0319 - UCC 9-319. Rights and title of consignee with respect to creditors and purchasers. - (2) For purposes of determining the rights of a creditor...
Section 79.0320 - UCC 9-320. Buyer of goods. - (2) Except as otherwise provided in subsection (5) of this...
Section 79.0321 - UCC 9-321. Licensee of general intangible and lessee of goods in ordinary course of business. - (2) A licensee in ordinary course of business takes its...
Section 79.0322 - UCC 9-322. Priorities among conflicting security interests in and agricultural liens on same collateral. - (a) Conflicting perfected security interests and agricultural liens rank according...
Section 79.0323 - UCC 9-323. Future advances. - (a) Is made while the security interest is perfected only:...
Section 79.0324 - UCC 9-324. Priority of purchase-money security interests. - (2) Subject to subsection (3) of this section and except...
Section 79.0325 - UCC 9-325. Priority of security interests in transferred collateral. - (a) The debtor acquired the collateral subject to the security...
Section 79.0326 - UCC 9-326. Priority of security interests created by new debtor. - (2) The other provisions of ORS 79.0301 to 79.0342 determine...
Section 79.0327 - UCC 9-327. Priority of security interests in deposit account. - (1) A security interest held by a secured party having...
Section 79.0328 - UCC 9-328. Priority of security interests in investment property. - (1) A security interest held by a secured party having...
Section 79.0329 - UCC 9-329. Priority of security interests in letter-of-credit right. - (1) A security interest held by a secured party having...
Section 79.0330 - UCC 9-330. Priority of purchaser of chattel paper or instrument. - (a) In good faith and in the ordinary course of...
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. - (2) This chapter does not limit the rights of or...
Section 79.0332 - UCC 9-332. Transfer of money; transfer of funds from deposit account. - (2) A transferee of funds from a deposit account takes...
Section 79.0333 - UCC 9-333. Priority of certain liens arising by operation of law. - (a) Which secures payment or performance of an obligation for...
Section 79.0334 - UCC 9-334. Priority of security interests in fixtures and crops. - (2) This chapter does not prevent creation of an encumbrance...
Section 79.0335 - UCC 9-335. Accessions. - (2) If a security interest is perfected when the collateral...
Section 79.0336 - UCC 9-336. Commingled goods. - (2) A security interest does not exist in commingled goods...
Section 79.0337 - UCC 9-337. Priority of security interests in goods covered by certificate of title. - (1) A buyer of the goods, other than a person...
Section 79.0338 - UCC 9-338. Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information. - (1) The security interest or agricultural lien is subordinate to...
Section 79.0340 - UCC 9-340. Effectiveness of right of recoupment or setoff against deposit account. - (2) Except as otherwise provided in subsection (3) of this...
Section 79.0341 - UCC 9-341. Bank’s rights and duties with respect to deposit account. - (1) The creation, attachment or perfection of a security interest...
Section 79.0401 - UCC 9-401. Alienability of debtor’s rights. - (2) An agreement between the debtor and secured party which...
Section 79.0403 - UCC 9-403. Agreement not to assert defenses against assignee. - (2) Except as otherwise provided in this section, an agreement...
Section 79.0404 - UCC 9-404. Rights acquired by assignee; claims and defenses against assignee. - (a) All terms of the agreement between the account debtor...
Section 79.0405 - UCC 9-405. Modification of assigned contract. - (2) Subsection (1) of this section applies to the extent...
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. - (2) Subject to subsection (8) of this section, notification is...
Section 79.0407 - UCC 9-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest. - (a) Prohibits, restricts or requires the consent of a party...
Section 79.0408 - UCC 9-408. Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective. - (a) Would impair the creation, attachment or perfection of a...
Section 79.0409 - UCC 9-409. Restrictions on assignment of letter-of-credit rights ineffective. - (a) Would impair the creation, attachment or perfection of a...
Section 79.0501 - UCC 9-501. Filing office. - (a) The office designated for the filing or recording of...
Section 79.0502 - UCC 9-502. Contents of financing statement; record of mortgage as financing statement; time of filing financing statement. - (a) Provides the name of the debtor; (b) Provides the...
Section 79.0503 - UCC 9-503. Name of debtor and secured party. - (a) Except as otherwise provided in paragraph (c) of this...
Section 79.0504 - UCC 9-504. Indication of collateral. - (1) A description of the collateral pursuant to ORS 79.0108;...
Section 79.0505 - UCC 9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions. - (2) ORS 79.0501 to 79.0528 apply to the filing of...
Section 79.0506 - UCC 9-506. Effect of errors or omissions. - (2) Except as otherwise provided in subsection (3) of this...
Section 79.0507 - UCC 9-507. Effect of certain events on effectiveness of financing statement. - (2) Except as otherwise provided in subsection (3) of this...
Section 79.0508 - UCC 9-508. Effectiveness of financing statement if new debtor becomes bound by security agreement. - (2) If the difference between the name of the original...
Section 79.0509 - UCC 9-509. Persons entitled to file a record. - (a) The debtor authorizes the filing in an authenticated record...
Section 79.0510 - UCC 9-510. Effectiveness of filed record. - (2) A record authorized by one secured party of record...
Section 79.0511 - UCC 9-511. Secured party of record. - (2) If an amendment of a financing statement which provides...
Section 79.0512 - UCC 9-512. Amendment of financing statement. - (a) Identifies, by its file number, the initial financing statement...
Section 79.0513 - UCC 9-513. Termination statement. - (a) There is no obligation secured by the collateral covered...
Section 79.0514 - UCC 9-514. Assignment of powers of secured party of record. - (2) Except as otherwise provided in subsection (3) of this...
Section 79.0515 - UCC 9-515. Duration and effectiveness of financing statement; effect of lapsed financing statement; renewal notice; rules. - (2) Except as otherwise provided in subsections (5), (6) and...
Section 79.0516 - UCC 9-516. What constitutes filing; effectiveness of filing. - (2) Filing does not occur with respect to a record...
Section 79.0518 - UCC 9-518. Claim concerning inaccurate or wrongfully filed record. - (2) An information statement under subsection (1) of this section...
Section 79.0519 - UCC 9-519. Numbering, maintaining and indexing records; communicating information provided in records. - (a) Assign a unique number to the filed record; (b)...
Section 79.0520 - UCC 9-520. Acceptance and refusal to accept record. - (2)(a) If a filing office refuses to accept a record...
Section 79.0522 - UCC 9-522. Maintenance and destruction of records. - (2) Except to the extent that a statute governing disposition...
Section 79.0523 - UCC 9-523. Information from filing office; sale or license of records. - (a) Note upon the copy the number assigned to the...
Section 79.0524 - UCC 9-524. Delay by filing office. - (1) The delay is caused by interruption of communication or...
Section 79.0525 - UCC 9-525. Fees; rules. - (2) The number of names required to be indexed does...
Section 79.0526 - UCC 9-526. Filing-office rules. - (a) Consistent with this chapter; and (b) Adopted and published...
Section 79.0601 - UCC 9-601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes. - (a) May reduce a claim to judgment, foreclose, or otherwise...
Section 79.0602 - UCC 9-602. Waiver and variance of rights and duties. - (1) ORS 79.0207 (2)(d)(C), which deals with use and operation...
Section 79.0603 - UCC 9-603. Agreement on standards concerning rights and duties. - (2) Subsection (1) of this section does not apply to...
Section 79.0604 - UCC 9-604. Procedure if security agreement covers real property or fixtures. - (a) Under ORS 79.0601 to 79.0628 as to the personal...
Section 79.0605 - UCC 9-605. Unknown debtor or secondary obligor. - (1) To a person that is a debtor or obligor,...
Section 79.0607 - UCC 9-607. Collection and enforcement by secured party. - (a) May notify an account debtor or other person obligated...
Section 79.0608 - UCC 9-608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus. - (a) A secured party shall apply or pay over for...
Section 79.0609 - UCC 9-609. Secured party’s right to take possession after default. - (a) May take possession of the collateral; and (b) Without...
Section 79.0610 - UCC 9-610. Disposition of collateral after default. - (2) Every aspect of a disposition of collateral, including the...
Section 79.0611 - UCC 9-611. Notification before disposition of collateral. - (a) A secured party sends to the debtor and any...
Section 79.0612 - UCC 9-612. Timeliness of notification before disposition of collateral. - (2) In a transaction other than a consumer transaction, a...
Section 79.0613 - UCC 9-613. Contents and form of notification before disposition of collateral: general. - (1) The contents of a notification of disposition are sufficient...
Section 79.0614 - UCC 9-614. Contents and form of notification before disposition of collateral: consumer-goods transaction. - (1) A notification of disposition must provide the following information:...
Section 79.0615 - UCC 9-615. Application of proceeds of disposition; liability for deficiency and right to surplus. - (a) The reasonable expenses of retaking, holding, preparing for disposition,...
Section 79.0616 - UCC 9-616. Explanation of calculation of surplus or deficiency. - (a) "Explanation" means a writing that: (A) States the amount...
Section 79.0617 - UCC 9-617. Rights of transferee of collateral. - (a) Transfers to a transferee for value all of the...
Section 79.0618 - UCC 9-618. Rights and duties of certain secondary obligors. - (a) Receives an assignment of a secured obligation from the...
Section 79.0619 - UCC 9-619. Transfer of record or legal title. - (a) That the debtor has defaulted in connection with an...
Section 79.0620 - UCC 9-620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral. - (a) The debtor consents to the acceptance under subsection (3)...
Section 79.0621 - UCC 9-621. Notification of proposal to accept collateral. - (a) Any person from which the secured party has received,...
Section 79.0622 - UCC 9-622. Effect of acceptance of collateral. - (a) Discharges the obligation to the extent consented to by...
Section 79.0623 - UCC 9-623. Right to redeem collateral. - (2) To redeem collateral, a person shall tender: (a) Fulfillment...
Section 79.0624 - UCC 9-624. Waiver. - (2) A debtor may waive the right to require disposition...
Section 79.0625 - UCC 9-625. Remedies for secured party’s failure to comply with article. - (2) Subject to subsections (3), (4) and (6) of this...
Section 79.0626 - UCC 9-626. Action in which deficiency or surplus is in issue. - (a) A secured party need not prove compliance with the...
Section 79.0627 - UCC 9-627. Determination of whether conduct was commercially reasonable. - (2) A disposition of collateral is made in a commercially...
Section 79.0628 - UCC 9-628. Nonliability and limitation on liability of secured party; liability of secondary obligor. - (a) The secured party is not liable to the person,...