ORS 72A.3070¹
Priority of liens arising by attachment or levy on goods
  • priority of certain security interests in goods

(1) Except as otherwise provided in ORS 72A.3060 (Priority of certain liens arising by operation of law), a creditor of a lessee takes subject to the lease contract.

(2) Except as otherwise provided in subsection (3) of this section and in ORS 72A.3060 (Priority of certain liens arising by operation of law) and 72A.3080 (Special rights of creditors), a creditor of a lessor takes subject to the lease contract unless the creditor holds a lien that attached to the goods before the lease contract became enforceable.

(3) Except as otherwise provided in ORS 79.0317 (UCC 9-317. Interests that take priority over or take free of security interest or agricultural lien), 79.0321 (UCC 9-321. Licensee of general intangible and lessee of goods in ordinary course of business) and 79.0323 (UCC 9-323. Future advances), a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor. [1989 c.676 §37; 1993 c.646 §6; 2001 c.445 §143]

1 Legislative Counsel Committee, CHAPTER 72A—Leases, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors072A.­html (2019) (last ac­cessed May 16, 2020).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information