(1) Except as otherwise provided in subsection (2) of this section and ORS § 79.0312 (2), a financing statement must be filed to perfect all security interests and agricultural liens.

Terms Used In Oregon Statutes 79.0310

  • Chattel paper: means a record or records that evidence both a monetary obligation and a security interest in specific goods, a security interest in specific goods and software used in the goods, a security interest in specific goods and license of software used in the goods, a lease of specific goods, or a lease of specific goods and license of software used in the goods. See Oregon Statutes 79.0102
  • Collateral: means the property subject to a security interest or agricultural lien. See Oregon Statutes 79.0102
  • Financing statement: means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement. See Oregon Statutes 79.0102
  • Goods: means all things that are movable when a security interest attaches. See Oregon Statutes 79.0102
  • Investment property: means a security, whether certificated or uncertificated, security entitlement, securities account, commodity contract or commodity account. See Oregon Statutes 79.0102
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Statute: A law passed by a legislature.

(2) The filing of a financing statement is not necessary to perfect a security interest:

(a) That is perfected under ORS § 79.0308 (4), (5), (6) or (7);

(b) That is perfected under ORS § 79.0309 when it attaches;

(c) In property subject to a statute, regulation or treaty described in ORS § 79.0311 (1);

(d) In goods in possession of a bailee that are perfected under ORS § 79.0312 (4)(a) or (b);

(e) In certificated securities, documents, goods or instruments that are perfected without filing, control or possession under ORS § 79.0312 (5), (6) or (7);

(f) In collateral in the secured party’s possession under ORS § 79.0313;

(g) In a certificated security which is perfected by delivery of the security certificate to the secured party under ORS § 79.0313;

(h) In deposit accounts, electronic chattel paper, electronic documents, investment property or letter-of-credit rights that are perfected by control under ORS § 79.0314;

(i) In proceeds that are perfected under ORS § 79.0315; or

(j) That are perfected under ORS § 79.0316.

(3) If a secured party assigns a perfected security interest or agricultural lien, a filing under this chapter is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor. [2001 c.445 § 30; 2009 c.181 § 96]

 

  Previous section
Next section  
 Perfection Contents