Secured Transactions

ORS 79.0511
UCC 9-511

(1)

A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under ORS 79.0514 (UCC 9-514) (1), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement.

(2)

If an amendment of a financing statement which provides the name of a person as a secured party or a representative of a secured party is filed, the person named in the amendment is a secured party of record. If an amendment is filed under ORS 79.0514 (UCC 9-514) (2), the assignee named in the amendment is a secured party of record.

(3)

A person remains a secured party of record until the filing of an amendment of the financing statement which deletes the person. [2001 c.445 §82]
Source

Last accessed
May 30, 2023

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