ORS Chapter 79
Chapter 79 — SecuredTransactions
2009 EDITION
SECUREDTRANSACTIONS
COMMERCIALTRANSACTIONS
GENERALPROVISIONS
(ShortTitle, Definitions and General Concepts)
79.0101 UCC9-101. Short title
79.0102 UCC9-102. Definitions and index of definitions
79.0103 UCC9-103. Purchase-money security interest; application of payments; burden ofestablishing
79.0104 UCC9-104. Control of deposit account
79.0105 UCC9-105. Control of electronic chattel paper
79.0106 UCC9-106. Control of investment property
79.0107 UCC9-107. Control of letter-of-credit right
79.0108 UCC9-108. Sufficiency of description
(Applicabilityof Chapter)
79.0109 UCC9-109. Scope
79.0110 UCC9-110. Security interests arising under ORS chapter 72 or 72A
EFFECTIVENESSOF SECURITY AGREEMENT; ATTACHMENT OF SECURITY INTEREST; RIGHTS OF PARTIES TOSECURITY AGREEMENT
(Effectivenessand Attachment)
79.0201 UCC9-201. General effectiveness of security agreement
79.0202 UCC9-202. Title to collateral immaterial
79.0203 UCC9-203. Attachment and enforceability of security interest; proceeds; supportingobligations; formal requisites
79.0204 UCC9-204. After-acquired property; future advances
79.0205 UCC9-205. Use or disposition of collateral permissible
79.0206 UCC9-206. Security interest arising in purchase or delivery of financial asset
(Rightsand Duties)
79.0207 UCC9-207. Rights and duties of secured party having possession or control ofcollateral
79.0208 UCC9-208. Additional duties of secured party having control of collateral
79.0209 UCC9-209. Duties of secured party if account debtor has been notified ofassignment
79.0210 UCC9-210. Request for accounting; request regarding list of collateral orstatement of account
PERFECTIONAND PRIORITY
(LawGoverning Perfection and Priority)
79.0301 UCC9-301. Law governing perfection and priority of security interests
79.0302 UCC9-302. Law governing perfection and priority of agricultural liens
79.0303 UCC9-303. Law governing perfection and priority of security interests in goodscovered by a certificate of title
79.0304 UCC9-304. Law governing perfection and priority of security interests in depositaccounts
79.0305 UCC9-305. Law governing perfection and priority of security interests ininvestment property
79.0306 UCC9-306. Law governing perfection and priority of security interests inletter-of-credit rights
79.0307 UCC9-307. Location of debtor
(Perfection)
79.0308 UCC9-308. When security interest or agricultural lien is perfected; continuity ofperfection
79.0309 UCC9-309. Security interest perfected upon attachment
79.0310 UCC9-310. When filing required to perfect security interest or agricultural lien;security interests and agricultural liens to which filing provisions do notapply
79.0311 UCC9-311. Perfection of security interests in property subject to certainstatutes, regulations and treaties
79.0312 UCC9-312. Perfection of security interests in chattel paper, deposit accounts,documents, goods covered by documents, instruments, investment property,letter-of-credit rights and money; perfection by permissive filing; temporaryperfection without filing or transfer of possession
79.0313 UCC9-313. When possession by or delivery to secured party perfects securityinterest without filing
79.0314 UCC9-314. Perfection by control
79.0315 UCC9-315. Secured party’s rights on disposition of collateral and in proceeds
79.0316 UCC9-316. Continued perfection of security interest following change in governinglaw
(Priority)
79.0317 UCC9-317. Interests that take priority over or take free of security interest oragricultural lien
79.0318 UCC9-318. No interest retained in right to payment that is sold; rights and titleof seller of account or chattel paper with respect to creditors and purchasers
79.0319 UCC9-319. Rights and title of consignee with respect to creditors and purchasers
79.0320 UCC9-320. Buyer of goods
79.0321 UCC9-321. Licensee of general intangible and lessee of goods in ordinary course ofbusiness
79.0322 UCC9-322. Priorities among conflicting security interests in and agriculturalliens on same collateral
79.0323 UCC9-323. Future advances
79.0324 UCC9-324. Priority of purchase-money security interests
79.0325 UCC9-325. Priority of security interests in transferred collateral
79.0326 UCC9-326. Priority of security interests created by new debtor
79.0327 UCC9-327. Priority of security interests in deposit account
79.0328 UCC9-328. Priority of security interests in investment property
79.0329 UCC9-329. Priority of security interests in letter-of-credit right
79.0330 UCC9-330. Priority of purchaser of chattel paper or instrument
79.0331 UCC9-331. Priority of rights of purchasers of instruments, documents andsecurities under ORS chapters 73, 77 and 78; priority of interests in financialassets and security entitlements under ORS chapter 78
79.0332 UCC9-332. Transfer of money; transfer of funds from deposit account
79.0333 UCC9-333. Priority of certain liens arising by operation of law
79.0334 UCC9-334. Priority of security interests in fixtures and crops
79.0335 UCC9-335. Accessions
79.0336 UCC9-336. Commingled goods
79.0337 UCC9-337. Priority of security interests in goods covered by certificate of title
79.0338 UCC9-338. Priority of security interest or agricultural lien perfected by filedfinancing statement providing certain incorrect information
79.0339 UCC9-339. Priority subject to subordination
(Rightsof Bank)
79.0340 UCC9-340. Effectiveness of right of recoupment or setoff against deposit account
79.0341 UCC9-341. Bank’s rights and duties with respect to deposit account
79.0342 UCC9-342. Bank’s right to refuse to enter into or disclose existence of controlagreement
RIGHTSOF THIRD PARTIES
79.0401 UCC9-401. Alienability of debtor’s rights
79.0402 UCC9-402. Secured party not obligated on contract of debtor or in tort
79.0403 UCC9-403. Agreement not to assert defenses against assignee
79.0404 UCC9-404. Rights acquired by assignee; claims and defenses against assignee
79.0405 UCC9-405. Modification of assigned contract
79.0406 UCC9-406. Discharge of account debtor; notification of assignment; identificationand proof of assignment; restrictions on assignment of accounts, chattel paper,payment intangibles and promissory notes ineffective
79.0407 UCC9-407. Restrictions on creation or enforcement of security interest inleasehold interest or in lessor’s residual interest
79.0408 UCC9-408. Restrictions on assignment of promissory notes, health-care-insurancereceivables, and certain general intangibles ineffective
79.0409 UCC9-409. Restrictions on assignment of letter-of-credit rights ineffective
FILING
(FilingOffice; Contents and Effectiveness of Financing Statement)
79.0501 UCC9-501. Filing office
79.0502 UCC9-502. Contents of financing statement; record of mortgage as financingstatement; time of filing financing statement
79.0503 UCC9-503. Name of debtor and secured party
79.0504 UCC9-504. Indication of collateral
79.0505 UCC9-505. Filing and compliance with other statutes and treaties for consignments,leases, other bailments and other transactions
79.0506 UCC9-506. Effect of errors or omissions
79.0507 UCC9-507. Effect of certain events on effectiveness of financing statement
79.0508 UCC9-508. Effectiveness of financing statement if new debtor becomes bound bysecurity agreement
79.0509 UCC9-509. Persons entitled to file a record
79.0510 UCC9-510. Effectiveness of filed record