Oregon Statutes 105.300 – When lienholder has other securities
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Whenever any party to the suit, who holds a lien upon any part of the property has other securities for the payment of the amount of the lien, the court may, in its discretion, order the securities to be exhausted before a distribution of the proceeds of sale, or may order a just deduction to be made from the amount of the lien on the property.
Terms Used In Oregon Statutes 105.300
- Lien: A claim against real or personal property in satisfaction of a debt.