Oregon Statutes 87.730 – Expiration of lien for failure to bring timely foreclosure suit
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A lien created under ORS § 87.705 expires unless suit to foreclose the lien is brought in an appropriate court no later than the 45th day after the date final payment to the agricultural producer is originally due or, if the producer extends the lien by filing a notice of lien under ORS § 87.710, no later than the 225th day after the date final payment to the producer is originally due. [1973 c.647 § 8; 2001 c.301 § 14]
Terms Used In Oregon Statutes 87.730
- Lien: A claim against real or personal property in satisfaction of a debt.