Oregon Secretary of State, Corporation Division

Rule Rule 160-040-0100
Definitions


Terms used in these filing-office rules but not defined in this section that are defined in the UCC must have the respective meanings accorded such terms in the UCC.

(1)

“Active record” means an initial filing that has not yet lapsed on its lapse date, or a continuation that has not lapsed, and any lapsed filing up to the first anniversary of its lapse date.

(2)

“Address” means either:

(a)

A street address, route number (may include box) or PO Box number plus the city, state and zip code; or

(b)

An address that purports to be a mailing address outside the United States of America.

(3)

“Amendment” means a UCC record that amends the information contained in a financing statement. Amendments include assignments, continuations and terminations.

(4)

“Assignment” is an amendment that assigns all or a part of a secured party’s power to authorize an amendment to a financing statement.

(5)

“Information Statement” means a UCC record that indicates that a financing statement is inaccurate or wrongfully filed.

(6)

“Filing office” and “filing officer” mean the Secretary of State, Corporation Division; the Division Director and deputies of the Director, respectively.

(7)

“Filing officer statement” means a statement entered into the filing office’s information system to correct an error made by the filing office.

(8)

“Initial financing statement” means a UCC record that causes the filing office to establish the initial record of filing of a financing statement.

(9)

“Remitter” means a person who tenders a UCC record to the filing officer for filing, whether the person is a filer or an agent of a filer responsible for tendering the record for filing. “Remitter” does not include a person responsible merely for the delivery of the record to the filing office, such as the postal service or a courier service but does include a service provider who acts as a filer’s representative in the filing process.

(10)

“Searchable indexes” means the searchable index of individual debtor names and the searchable index of organization debtor names maintained in the UCC information management system.

(11)

“Secured party of record” includes a secured party of record as defined in the UCC, as well as a person who has been a secured party of record with respect to whom an amendment has been filed purporting to delete them as a secured party of record. The term includes the assignor listed on an amendment that purports to be an assignment.

(12)

“UCC” means the Uniform Commercial Code as adopted in this state.

(13)

“UCC information management system” means the information management system used by the filing office to store, index, and retrieve information relating to financing statements as described in Section 3 of these filing-office rules.

(14)

“UCC record” means an initial financing statement, an amendment, an assignment, a continuation statement, a termination statement, a filing officer statement, or an information statement, and includes a record thereof maintained by the filing office. The term shall not be deemed to refer exclusively to paper or paper-based writings.

(15)

“Unlapsed record” means a UCC record that has been stored and indexed in the UCC information management system, which has not yet lapsed under ORS Ch. 79.0515 (UCC 9-515. Duration and effectiveness of financing statement) with respect to all secured parties of record.
Source

Last accessed
Jun. 8, 2021