{"data":{"id":"us-or/ors-79a.6220","jurisdiction":"us-or","citation":"ORS 79A.6220","heading":"UCC 9-622. Effect of acceptance of collateral.","body":"(1) A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures:\n      (a) Discharges the obligation to the extent consented to by the debtor;\n      (b) Transfers to the secured party all of a debtor’s rights in the collateral;\n      (c) Discharges the security interest or agricultural lien that is the subject of the debtor’s consent and any subordinate security interest or other subordinate lien; and\n      (d) Terminates any other subordinate interest.\n      (2) A subordinate interest is discharged or terminated under subsection (1) of this section, even if the secured party fails to comply with 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":"96f1516cbdd61bf2cdc55f4d8f671115078b24a50cfdb272b78a0a6f966af98a","source_id":"us-or","stale":false,"prev":"us-or/ors-79a.6210","next":"us-or/ors-79a.6230"},"notice":"GroundRules: Original legal text. Not legal advice."}