Charging off personal property assets
An institution may not carry goods, as defined in ORS 79.0102 (UCC 9-102. Definitions and index of definitions), and chattels, as defined in ORS 87.142 (Definitions for ORS 87.142 to 87.490 and 87.910), that the institution owns on account of collecting the institution’s debts on the institution’s books for more than two years after acquiring the goods or chattels, unless the Director of the Department of Consumer and Business Services extends the two-year period. [1997 c.631 §194; 2015 c.244 §71]
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