The attachment provided for in ORS § 783.330 shall have priority over any mortgage upon the vessel and over any liens thereon not of a maritime nature.

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Terms Used In Oregon Statutes 783.360

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.

 

SHIPBREAKING ACTIVITIES

 

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