Oregon Code § 415.406·Enacted ·Last updated March 01, 2026
Statute Text
Priority of secured claims.
The owner of a secured claim against a coordinated care organization for which
a receiver has been appointed may surrender the security and file a claim as a
general creditor, or the claim may be discharged by resort to the security, in
which case the deficiency, if any, shall be treated as a claim against the
general assets of the coordinated care organization on the same basis as claims
of unsecured creditors. [2019 c.478 §47]
Plain English Explanation
This Oregon statute addresses Priority of secured claims. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 415.406
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Priority of secured claims. Read the full statute text above for details.
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The formal citation is Oregon Code § 415.406. Use this format in legal documents and court filings.
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