Leases

ORS 72A.3070
Priority of liens arising by attachment or levy on goods

  • priority of certain security interests in goods


(1)

Except as otherwise provided in ORS 72A.3060 (Priority of certain liens arising by operation of law), a creditor of a lessee takes subject to the lease contract.

(2)

Except as otherwise provided in subsection (3) of this section and in ORS 72A.3060 (Priority of certain liens arising by operation of law) and 72A.3080 (Special rights of creditors), a creditor of a lessor takes subject to the lease contract unless the creditor holds a lien that attached to the goods before the lease contract became enforceable.

(3)

Except as otherwise provided in ORS 79.0317 (UCC 9-317. Interests that take priority over or take free of security interest or agricultural lien), 79.0321 (UCC 9-321. Licensee of general intangible and lessee of goods in ordinary course of business) and 79.0323 (UCC 9-323. Future advances), a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor. [1989 c.676 §37; 1993 c.646 §6; 2001 c.445 §143]

Source

Last accessed
Jun. 26, 2021