Oregon Code § 734.310·Enacted ·Last updated March 01, 2026
Statute Text
Priority of secured claims.
The owner of a secured claim against an insurer for which a receiver has been
appointed in this or any other state 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 insurer on the same basis as claims of
unsecured creditors. If the amount of the deficiency has been adjudicated in
ancillary proceedings as provided in this chapter, or if it has been
adjudicated by a court of competent jurisdiction in proceedings in which the
domiciliary receiver has had notice and opportunity to be heard, such amount
shall be conclusive; otherwise the amount shall be determined in the
delinquency proceeding in the domiciliary state. [Formerly 751.080]
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 § 734.310
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 § 734.310. Use this format in legal documents and court filings.
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