A security interest arising under ORS 72.4010, 72.5050, 72.7110 (3) or 72A.5080 (5) is subject to this chapter. However, until the debtor obtains possession of the goods:
(1) The security interest is enforceable, even if ORS 79.0203 (2)(c) has not been satisfied;
(2) Filing is not required to perfect the security interest;
(3) The rights of the secured party after default by the debtor are governed by ORS chapter 72 or 72A; and
(4) The security interest has priority over a conflicting security interest created by the debtor. [2001 c.445 §10]
EFFECTIVENESS OF SECURITY AGREEMENT; ATTACHMENT OF SECURITY INTEREST; RIGHTS OF PARTIES TO SECURITY AGREEMENT
(Effectiveness and Attachment)
Section: Previous 79.0103 79.0104 79.0105 79.0106 79.0107 79.0108 79.0109 79.0110 79.0201 79.0202 79.0203 79.0204 79.0205 79.0206 79.0207 NextLast modified: August 7, 2008