{"data":{"id":"us-or/ors-79a.6180","jurisdiction":"us-or","citation":"ORS 79A.6180","heading":"UCC 9-618. Rights and duties of certain secondary obligors.","body":"(1) A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:\n      (a) Receives an assignment of a secured obligation from the secured party;\n      (b) Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or\n      (c) Is subrogated to the rights of a secured party with respect to collateral.\n      (2) An assignment, transfer or subrogation described in subsection (1) of this section:\n      (a) Is not a disposition of collateral under ORS 79A.6100; and\n      (b) Relieves the secured party of further duties under this chapter.","path":["02 - Business Organizations, Commercial Code","8. Commercial Transactions","Chapter 79A — Secured Transactions"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors079A.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:11Z","sha256":"5adee7b070a81696f85d96072d66fbd31a6ef6c65b03672d0dd8e18e7d126a21","source_id":"us-or","stale":false,"prev":"us-or/ors-79a.6170","next":"us-or/ors-79a.6190"},"notice":"GroundRules: Original legal text. Not legal advice."}