Oregon Statutes - Chapter 72A - Leases - Section 72A.5310 - Standing to sue third parties for injury to goods.

(1) If a third party so deals with goods that have been identified to a lease contract as to cause actionable injury to a party to the lease contract, the lessor has a right of action against the third party and the lessee also has a right of action against the third party if the lessee:

(a) Has a security interest in the goods;

(b) Has an insurable interest in the goods; or

(c) Bears the risk of loss under the lease contract or has since the injury assumed that risk as against the lessor and the goods have been converted or destroyed.

(2) If at the time of the injury the party plaintiff did not bear the risk of loss as against the other party to the lease contract and there is no arrangement between them for disposition of the recovery, the plaintiff’s suit or settlement, subject to the plaintiff’s own interest, is as a fiduciary for the other party to the lease contract.

(3) Either party with the consent of the other may sue for the benefit of whom it may concern. [1989 c.676 §78]

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Section:  Previous  72A.5180  72A.5190  72A.5200  72A.5210  72A.5220  72A.5230  72A.5240  72A.5250  72A.5260  72A.5270  72A.5280  72A.5290  72A.5295  72A.5300  72A.5310

Last modified: August 7, 2008