(1) The classes of claims specified in ORS 783.010 shall have priority according to the order in which they are enumerated.
(2) The liens under ORS 783.010 shall have precedence over all other liens and claims against such boat or vessel, except the following liens, claims and security interests, whether or not the following liens, claims or security interests have arisen or been perfected before or after liens under ORS 783.010:
(a) Liens and claims arising under those portions of the Ship Mortgage Act, 1920, that appear in sections 921 to 954 and 971 to 975 of title 46 of the United States Code.
(b) Security interests perfected under ORS chapter 79.
(c) Security interests on certificates of title perfected under ORS chapter 830. [Amended by 1981 c.548 §2]
Section: Previous 783.010 783.020 783.030 783.040 783.050 783.060 783.070 783.080 783.090 783.100 783.110 783.120 783.130 783.140 783.150 NextLast modified: August 7, 2008