Secured Transactions

ORS 79.0205
UCC 9-205


A security interest is not invalid or fraudulent against creditors solely because:


The debtor has the right or ability to:


Use, commingle or dispose of all or part of the collateral, including returned or repossessed goods;


Collect, compromise, enforce or otherwise deal with collateral;


Accept the return of collateral or make repossessions; or


Use, commingle or dispose of proceeds; or


The secured party fails to require the debtor to account for proceeds or replace collateral.


This section does not relax the requirements of possession if attachment, perfection or enforcement of a security interest depends upon possession of the collateral by the secured party. [2001 c.445 §15]


Last accessed
May 30, 2023