(1) A lien created under ORS § 87.755 (1) expires unless suit to foreclose the lien is brought in an appropriate court no later than the 180th day after the date that the lien attaches, or if the agricultural producer extends the lien by filing a notice of lien under ORS § 87.762, no later than 18 months after the date the lien attaches.

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Terms Used In Oregon Statutes 87.772

  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Plaintiff: The person who files the complaint in a civil lawsuit.

(2) Regardless of whether the lien created under ORS § 87.755 (1) has been extended by filing and giving notice under ORS § 87.762, the lien shall be foreclosed in the manner provided by law for the foreclosure of liens generally.

(3) In all suits under ORS § 87.750 to 87.777, the court shall, upon entering judgment for the plaintiff, allow as a part of the costs all moneys paid for the filing and recording of the lien and a reasonable amount for attorney fees. [1981 c.446 § 6; 2001 c.301 § 21]

 

[1973 c.145 § 5; repealed by 1975 c.648 § 72]

 

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