ORS 79.0205 - UCC 9-205

ORS 79.0205
UCC 9-205

(1)

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

(a)

The debtor has the right or ability to:

(A)

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

(B)

Collect, compromise, enforce or otherwise deal with collateral;

(C)

Accept the return of collateral or make repossessions; or

(D)

Use, commingle or dispose of proceeds; or

(b)

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

(2)

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]

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Secured Transactions

ORS 79.0205
UCC 9-205

(1)

(a)

(A)

(B)

(C)

(D)

(b)

(2)

Source

Secured Transactions

ORS 79.0205 UCC 9-205

(1)

(a)

(A)

(B)

(C)

(D)

(b)

(2)

Source

ORS 79.0205
UCC 9-205