Oregon Statutes 783.020 – Lien priority
(1) The classes of claims specified in ORS § 783.010 shall have priority according to the order in which they are enumerated.
Terms Used In Oregon Statutes 783.020
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
(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]