(1) The State Forester may file a notice of lien under ORS 526.740 anytime after the contract is executed.
(2) The State Forester shall file the notice of lien with the recording officer of the county or counties where the forestland is located. The notice shall be in writing verified by the State Forester and shall contain:
(a) The name of each owner of the forestland identified in the contract;
(b) A legal description of the forestland identified in the contract in conformance with ORS 93.600;
(c) A description of the forest products to be covered by the lien;
(d) A statement that the lien includes a lien on accounts receivable from the sale of any forest products covered by the lien and that the lien on forest products and accounts receivable shall have priority as of the date of filing of the notice of lien under this section; and
(e) A statement of the amount of funds to be paid under the contract.
(3) Within 10 days after the State Forester files the notice of lien under this section, the State Forester shall send a copy of the notice to each of the following persons whose interest in the forestland referred to in subsection (2)(a) of this section is of record as of the date the State Forester files the notice of lien with the county recording officer:
(a) Each seller on a land sale contract covering all or any part of the forestland referred to in subsection (2)(a) of this section;
(b) Each mortgagee upon a mortgage covering all or part of the forestland referred to in subsection (2)(a) of this section; and
(c) Each beneficiary of a trust deed covering all or part of the forestland referred to in subsection (2)(a) of this section. [1995 c.207 §4]
Section: Previous 526.710 526.715 526.720 526.725 526.730 526.735 526.740 526.745 526.750 526.755 526.760 526.765 526.770 526.775 526.780 NextLast modified: August 7, 2008