Rights of secured parties
(1) In the event that a marijuana processing site or a medical marijuana dispensary is foreclosed or otherwise ceases operations as described in ORS chapter 79, a secured party, as defined in ORS 79.0102 (UCC 9-102. Definitions and index of definitions), may continue operations at the marijuana processing site or medical marijuana dispensary upon submitting to the Oregon Health Authority proof that the secured party or, if the secured party is a business entity, any individual who has a financial interest in the secured party, meets the requirements and restrictions set forth in:
(a) For marijuana processing sites, ORS 475B.840 (Marijuana processing site registration system) (2)(d) and (4); or
(b) For medical marijuana dispensaries, ORS 475B.858 (Medical marijuana dispensary registration system) (2)(d) and (4).
(2) The authority may prescribe the form and manner of submitting proof under subsection (1) of this section. [Formerly 475B.470]
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