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Oregon · Through 2025 Edition

ORS 87.322: Effect of prior security interest on foreclosure of nonpossessory lien for labor or material expended on chattel.

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Where this section sits in the code
  1. 02 - Business Organizations, Commercial Code
  2. 9. Mortgages and Liens
  3. Chapter 87 — Statutory Liens

ORS 87.272 to 87.316 do not apply to a lien on a chattel created by ORS 87.216 when that chattel is subject to a prior duly perfected security interest as provided in ORS 87.146 (1)(d). When a lien created by ORS 87.216 is junior and subordinate to a prior duly perfected security interest, that lien shall be foreclosed by suit under ORS chapter 88. In such a suit to foreclose, the holder of the prior security interest shall be made a party defendant to the foreclosure proceeding. The person holding the prior security interest may extinguish the lien created by ORS 87.216 by either a foreclosure proceeding under ORS chapter 88 or a nonjudicial foreclosure proceeding under ORS 79A.6010 to 79A.6280.

Collected 2026-09-03T23:50:11Z. Source file · JSON

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