Oregon Statutes 87.475 – Effect of settlement on lien; satisfaction of judgment
(1) Except as provided in subsections (3) and (4) of this section, the lien created by ORS § 87.445 is not affected by a settlement between the parties to the action, suit or proceeding before or after judgment, order or award.
Terms Used In Oregon Statutes 87.475
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(2) Except as provided in subsections (3) and (4) of this section, a party to the action, suit or proceeding, or any other person, does not have the right to satisfy the lien created by ORS § 87.445 or any judgment, order or award entered in the action, suit or proceeding until the lien, and claim of the attorney for fees based thereon, is satisfied in full.
(3) A judgment debtor may pay the full amount of a judgment into court and the clerk of the court shall thereupon fully satisfy the judgment on the record and the judgment debtor shall be thereby released from any further claims thereunder.
(4) If more than one attorney appears of record for a litigant, the satisfaction of the lien created by ORS § 87.445 by any one of the attorneys is conclusive evidence that the lien is fully satisfied. [1975 c.648 § 65 (enacted in lieu of 87.495); 2003 c.576 § 341]