(1) The court shall issue an order directed to the lien debtor and each person having possession or control of the chattel subject to the lien requiring the debtor and each other person to appear for hearing at a time and place fixed by the court to show cause why an order for the foreclosure of the lien claimant’s lien by advertisement and sale should not issue.

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Terms Used In Oregon Statutes 87.288

  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
  • Summons: Another word for subpoena used by the criminal justice system.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.

(2) The show cause order issued under subsection (1) of this section shall be served in the same manner as a summons is served on the lien debtor and on each other person to whom the order is directed.

(3) The order shall:

(a) State that the lien debtor may file affidavits with the court and may present testimony at the hearing; and

(b) State that if the lien debtor fails to appear at the hearing the court may order foreclosure of the lien claimant’s lien by advertisement and sale. [1975 c.648 § 30]

 

[Repealed by 1969 c.330 § 9]

 

[1969 c.330 § 1; 1973 c.472 § 1; repealed by 1975 c.648 § 72]

 

[1969 c.330 § 2; 1973 c.472 § 2; 1973 c.647 § 11; repealed by 1975 c.648 § 72]

 

[Amended by 1969 c.330 § 3; 1973 c.472 § 3; repealed by 1975 c.648 § 72]

 

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