For purposes of ORS § 79.0601 to 79.0628, a default occurs in connection with an agricultural lien at the time the secured party becomes entitled to enforce the lien in accordance with the statute under which it was created. [2001 c.445 § 104]

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Terms Used In Oregon Statutes 79.0606

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Statute: A law passed by a legislature.