(1) When a lien created by ORS § 87.162 is subordinate to a prior duly perfected security interest in a chattel as provided in ORS § 87.146, the lien created by ORS § 87.162 shall be foreclosed by suit as provided in ORS Chapter 88.

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Terms Used In Oregon Statutes 87.182

  • Lien: A claim against real or personal property in satisfaction of a debt.

(2) Except as provided in subsection (1) of this section, liens created by ORS § 87.152 to 87.162 may be foreclosed by suit as provided in ORS Chapter 88, or by sale of the chattel subject to the lien at public auction to the highest bidder for cash. [1975 c.648 § 9]

 

[Repealed by 1975 c.648 § 72]

 

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