(1) All claims shall be verified and filed with the Director of the Department of Consumer and Business Services. If a claimant asserts a preference other than the preference given in ORS § 711.520 to depositors, the claim shall include a demand for preference and a statement of the grounds upon which preference is claimed.

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(2) Any claim for preference shall be filed with the director and the supervising court, before the expiration of the time fixed under ORS § 711.530 in the notice to creditors. If a claim for preference is not filed within the designated time, it is barred. [Amended by 1973 c.797 § 273]