Oregon Code § 87.322·Enacted ·Last updated March 01, 2026
Statute Text
Effect
of prior security interest on foreclosure of nonpossessory lien for labor or
material expended on chattel.
ORS 87.272 to 87.316 do not apply to a lien on a chattel created by ORS 87.216
when that chattel is subject to a prior duly perfected security interest as
provided in ORS 87.146 (1)(d). When a lien created by ORS 87.216 is junior and
subordinate to a prior duly perfected security interest, that lien shall be
foreclosed by suit under ORS chapter 88. In such a suit to foreclose, the
holder of the prior security interest shall be made a party defendant to the
foreclosure proceeding. The person holding the prior security interest may
extinguish the lien created by ORS 87.216 by either a foreclosure proceeding
under ORS chapter 88 or a nonjudicial foreclosure proceeding under ORS 79A.6010
to 79A.6280. [1975 c.648 §35a; 2001 c.445 §162]
Plain English Explanation
This Oregon statute addresses Effect
. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 87.322
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Effect
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 87.322. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.