Section 87.777 – Filing certificate of lien satisfaction upon payment for grain; liability of producer for failure to discharge lien.
(1) If an agricultural producer files a notice of lien under ORS 87.762, when the producer receives full payment for the grain, the producer shall file with the Secretary of State a certificate declaring that full payment has been received and that the lien is discharged. (2) Upon receiving the certificate, the Secretary of State […]
Section 87.750 – Definitions for ORS 87.750 to 87.777.
As used in ORS 87.750 to 87.777, unless the context otherwise requires: (1) “Agricultural producer” means a person that engages in or has engaged in the business of growing or producing grain for market or for delivery or transfer to others owning or holding title to the grain. “Agricultural producer” includes a landowner, producer, landlord, […]
Section 87.755 – Grain producer’s lien; date lien attaches; priority.
(1) An agricultural producer that delivers or transfers grain for consideration has a lien on the inventory of the purchaser and proceeds received by the purchaser from the selling of the inventory. (2) The lien created by subsection (1) of this section attaches to the inventory and proceeds on the date physical possession of the […]
Section 87.762 – Filing notice of lien; duration of lien; contents of notice; notice to secured parties; effect of failure to give notice to secured parties.
(1) A lien created under ORS 87.755 expires no later than the end of the 180th day after the date the lien attaches, unless the agricultural producer extends the lien by filing a notice of lien as provided in this section or by filing a notice of claim of lien under ORS 87.242. If the […]
Section 87.767 – Form of notice; public record; fee.
(1) Notices filed with the Secretary of State under ORS 87.750 to 87.777 must be in a form prescribed by the Secretary of State. The Secretary of State shall include the notice of lien that is filed under ORS 87.762 (2) in the index maintained by the secretary for filing financing statements pursuant to ORS […]
Section 87.772 – Expiration of lien for failure to bring timely foreclosure action; manner of foreclosure.
(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 […]