ORS 286A.100 - Definitions for ORS 286A

ORS 286A.100
Definitions for ORS 286A

As used in this section and ORS 286A.102 (Lien of a pledge):

(1)

“Obligation” means:

(a)

A bond;

(b)

An agreement for exchange of interest rates with the State of Oregon; or

(c)

A credit enhancement device given as additional security for a bond.

(2)

“Pledge” means:

(a)

To create a security interest in or a lien on property to secure payment or performance of an obligation, by mortgaging, assigning or encumbering property or by creating a security interest in property by any other manner.

(b)

A security interest in or lien on property created under paragraph (a) of this subsection.

(3)

“Pledgee” means:

(a)

A trustee for the holder of an obligation; or

(b)

The holder of an obligation if a trustee was not appointed in the operative document or if the operative document authorizes the holder of an obligation to foreclose the lien of a pledge and enforce the remedies consequent to the pledge in lieu of the trustee.

(4)

“Property” means:

(a)

Real or personal property, tangible or intangible, whether owned when the pledge is made or acquired subsequently to the time the pledge is made; and

(b)

Revenues, contract rights, receivables or securities. [2007 c.783 §17; 2009 c.537 §8]

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State Borrowing

ORS 286A.100
Definitions for ORS 286A

(1)

(a)

(b)

(c)

(2)

(a)

(b)

(3)

(a)

(b)

(4)

(a)

(b)

Source

State Borrowing

ORS 286A.100 Definitions for ORS 286A

(1)

(a)

(b)

(c)

(2)

(a)

(b)

(3)

(a)

(b)

(4)

(a)

(b)

Source

ORS 286A.100
Definitions for ORS 286A