Effect of prior security interest on method of foreclosure.

  1. Law
  2. Oregon Revised Statutes
  3. Business Organizations, Commercial Code
  4. Statutory Liens
  5. Effect of prior security interest on method of foreclosure.

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(2) Except as provided in subsection (1) of this section, liens created by ORS 87.152 to 87.162 may be foreclosed by suit as provided in ORS chapter 88, or by sale of the chattel subject to the lien at public auction to the highest bidder for cash. [1975 c.648 §9]


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