Secured Transactions

ORS 79.0526
UCC 9-526. Filing-office rules


(1)

The Secretary of State shall adopt and publish rules applicable to its filing procedures, processes and operations to implement this chapter. The filing-office rules must be:

(a)

Consistent with this chapter; and

(b)

Adopted and published in accordance with ORS chapter 183.

(2)

To keep the filing-office rules and practices of the filing office in harmony with the rules and practices of filing offices in other jurisdictions that enact substantially ORS 79.0501 (UCC 9-501. Filing office) to 79.0528 (Liability of Secretary of State), and to keep the technology used by the filing office compatible with the technology used by filing offices in other jurisdictions that enact substantially ORS 79.0501 (UCC 9-501. Filing office) to 79.0528 (Liability of Secretary of State), the Secretary of State, so far as is consistent with the purposes, policies and provisions of this chapter, in adopting, amending and repealing filing-office rules, shall:

(a)

Consult with filing offices in other jurisdictions that enact substantially ORS 79.0501 (UCC 9-501. Filing office) to 79.0528 (Liability of Secretary of State);

(b)

Consult the most recent version of the Model Rules promulgated by the International Association of Corporate Administrators or any successor organization; and

(c)

Take into consideration the rules and practices of, and the technology used by, filing offices in other jurisdictions that enact substantially ORS 79.0501 (UCC 9-501. Filing office) to 79.0528 (Liability of Secretary of State). [2001 c.445 §97]
Chapter 79

Notes of Decisions

Where creditor with prior perfected secured interest opts not to exercise elective remedies against debtor, creditor maintains security interest and subsequent garnishor takes subject to creditor so that may trace and recapture collateral funds from garnishor. Davis v. F.W. Financial Services, Inc., 260 Or App 191, 317 P3d 916 (2013), Sup Ct review denied


Source

Last accessed
Jun. 26, 2021