Oregon Statutes - Chapter 72A - Leases - Section 72A.3070 - Priority of liens arising by attachment or levy on goods; priority of certain security interests in goods.

(1) Except as otherwise provided in ORS 72A.3060, a creditor of a lessee takes subject to the lease contract.

(2) Except as otherwise provided in subsection (3) of this section and in ORS 72A.3060 and 72A.3080, a creditor of a lessor takes subject to the lease contract unless the creditor holds a lien that attached to the goods before the lease contract became enforceable.

(3) Except as otherwise provided in ORS 79.0317, 79.0321 and 79.0323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor. [1989 c.676 §37; 1993 c.646 §6; 2001 c.445 §143]

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Last modified: August 7, 2008