ORS 77.2060
Termination of storage at warehouse’s option


(1)

A warehouse, by giving notice to the person on whose account the goods are held and any other person known to claim an interest in the goods, may require payment of any charges and removal of the goods from the warehouse at the termination of the period of storage fixed by the document of title, or, if a period is not fixed, within a stated period not less than 30 days after the warehouse gives notice. If the goods are not removed before the date specified in the notice, the warehouse may sell them pursuant to ORS 77.2100 (Enforcement of warehouse’s lien).

(2)

If a warehouse in good faith believes that goods are about to deteriorate or decline in value to less than the amount of its lien within the time provided in subsection (1) of this section and ORS 77.2100 (Enforcement of warehouse’s lien), the warehouse may specify in the notice given under subsection (1) of this section any reasonable shorter time for removal of the goods and, if the goods are not removed, may sell them at public sale held not less than one week after a single advertisement or posting.

(3)

If as a result of a quality or condition of the goods of which the warehouse did not have notice at the time of deposit the goods are a hazard to other property, the warehouse facilities or other persons, the warehouse may sell the goods at public or private sale without advertisement or posting on reasonable notification to all persons known to claim an interest in the goods. If the warehouse, after a reasonable effort, is unable to sell the goods it may dispose of them in any lawful manner and does not incur liability by reason of that disposition.

(4)

A warehouse shall deliver the goods to any person entitled to them under this chapter upon due demand made at any time before sale or other disposition under this section.

(5)

A warehouse may satisfy its lien from the proceeds of any sale or disposition under this section but shall hold the balance for delivery on the demand of any person to which the warehouse would have been bound to deliver the goods. [1961 c.726 §77.2060 (Termination of storage at warehouse’s option); 2009 c.181 §60]

Source: Section 77.2060 — Termination of storage at warehouse’s option, https://www.­oregonlegislature.­gov/bills_laws/ors/ors077.­html.

77.1010
Short title
77.1020
Definitions and index of definitions
77.1030
Relation of chapter to treaty or statute
77.1040
Negotiable and nonnegotiable document of title
77.1050
Reissuance in alternative medium
77.1060
Control of electronic document of title
77.2010
Person that may issue a warehouse receipt
77.2020
Form of warehouse receipt
77.2030
Liability for nonreceipt or misdescription
77.2040
Duty of care
77.2050
Title under warehouse receipt defeated in certain cases
77.2060
Termination of storage at warehouse’s option
77.2070
Goods must be kept separate
77.2080
Altered warehouse receipts
77.2090
Lien of warehouse
77.2100
Enforcement of warehouse’s lien
77.3010
Liability for nonreceipt or misdescription
77.3020
Through bills of lading and similar documents of title
77.3030
Diversion
77.3040
Bills of lading in a set
77.3050
Destination bills
77.3060
Altered bills of lading
77.3070
Lien of carrier
77.3080
Enforcement of carrier’s lien
77.3090
Duty of care
77.4010
Irregularities in issue of receipt or bill or conduct of issuer
77.4020
Duplicate document of title
77.4030
Obligation of bailee to deliver
77.4040
No liability for good faith delivery pursuant to document of title
77.5010
Form of negotiation and requirements of due negotiation
77.5020
Rights acquired by due negotiation
77.5030
Document of title to goods defeated in certain cases
77.5040
Rights acquired in the absence of due negotiation
77.5050
Indorser not a guarantor for other parties
77.5060
Delivery without indorsement
77.5070
Warranties on negotiation or delivery of document of title
77.5080
Warranties of collecting bank as to documents
77.5090
Adequate compliance with commercial contract
77.6010
Lost, stolen or destroyed documents of title
77.6020
Judicial process against goods covered by negotiable document of title
77.6030
Conflicting claims
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