Oregon Statutes 79.0505 – UCC 9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions
(1) A consignor, lessor or other bailor of goods, a licensor or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in ORS § 79.0311 (1), using the terms ‘consignor,’ ‘consignee,’ ‘lessor,’ ‘lessee,’ ‘bailor,’ ‘bailee,’ ‘licensor,’ ‘licensee,’ ‘owner,’ ‘registered owner,’ ‘buyer,’ ‘seller’ or words of similar import, instead of the terms ‘secured party’ and ‘debtor.’
Terms Used In Oregon Statutes 79.0505
- Collateral: means the property subject to a security interest or agricultural lien. See Oregon Statutes 79.0102
- Consignor: means a person that delivers goods to a consignee in a consignment. See Oregon Statutes 79.0102
- Financing statement: means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement. See Oregon Statutes 79.0102
- Goods: means all things that are movable when a security interest attaches. See Oregon Statutes 79.0102
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Payment intangible: means a general intangible under which the account debtor's principal obligation is a monetary obligation. See Oregon Statutes 79.0102
- Promissory note: means an instrument that evidences a promise to pay a monetary obligation, does not evidence an order to pay, and does not contain an acknowledgment by a bank that the bank has received for deposit a sum of money or funds. See Oregon Statutes 79.0102
- Statute: A law passed by a legislature.
(2) ORS § 79.0501 to 79.0528 apply to the filing of a financing statement under subsection (1) of this section and, as appropriate, to compliance that is equivalent to filing a financing statement under ORS § 79.0311 (2), but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner or buyer which attaches to the collateral is perfected by the filing or compliance. [2001 c.445 § 76]