ORS 77.2100
Enforcement of warehouse’s lien


(1)

Except as otherwise provided in subsection (2) of this section, a warehouse’s lien may be enforced by public or private sale of the goods, in bulk or in packages, at any time or place and on any terms that are commercially reasonable, after notifying all persons known to claim an interest in the goods. The notification must include a statement of the amount due, the nature of the proposed sale and the time and place of any public sale. The fact that a better price could have been obtained by a sale at a different time or in a method different from that selected by the warehouse is not of itself sufficient to establish that the sale was not made in a commercially reasonable manner. The warehouse sells in a commercially reasonable manner if the warehouse sells the goods in the usual manner in any recognized market therefor, sells at the price current in that market at the time of sale or otherwise sells in conformity with commercially reasonable practices among dealers in the type of goods sold. A sale of more goods than apparently necessary to be offered to ensure satisfaction of the obligation is not commercially reasonable except in cases covered by the preceding sentence.

(2)

A warehouse may enforce its lien on goods other than goods stored by a merchant in the course of its business only if the following requirements are satisfied:

(a)

All persons known to claim an interest in the goods must be notified.

(b)

The notification must include an itemized statement of the claim, a description of the goods subject to the lien, a demand for payment within a specified time not less than 10 days after receipt of the notification, and a conspicuous statement that unless the claim is paid within that time the goods will be advertised for sale and sold by auction at a specified time and place.

(c)

The sale must conform to the terms of the notification.

(d)

The sale must be held at the nearest suitable place to where the goods are held or stored.

(e)

After the expiration of the time given in the notification, an advertisement of the sale must be published once a week for two weeks consecutively in a newspaper of general circulation where the sale is to be held. The advertisement must include a description of the goods, the name of the person on whose account the goods are being held, and the time and place of the sale. The sale must take place at least 15 days after the first publication. If there is no newspaper of general circulation where the sale is to be held, the advertisement must be posted at least 10 days before the sale in not fewer than six conspicuous places in the neighborhood of the proposed sale.

(3)

Before any sale pursuant to this section any person claiming a right in the goods may pay the amount necessary to satisfy the lien and the reasonable expenses incurred in complying with this section. In that event the goods may not be sold but must be retained by the warehouse subject to the terms of the receipt and this chapter.

(4)

A warehouse may buy at any public sale held pursuant to this section.

(5)

A purchaser in good faith of goods sold to enforce a warehouse’s lien takes the goods free of any rights of persons against which the lien was valid, despite the warehouse’s noncompliance with this section.

(6)

A warehouse may satisfy its lien from the proceeds of any sale pursuant to this section but shall hold the balance, if any, for delivery on demand to any person to which the warehouse would have been bound to deliver the goods.

(7)

The rights provided by this section are in addition to all other rights allowed by law to a creditor against a debtor.

(8)

If a lien is on goods stored by a merchant in the course of the merchant’s business, the lien may be enforced in accordance with subsection (1) or (2) of this section.

(9)

A warehouse is liable for damages caused by failure to comply with the requirements for sale under this section and in case of willful violation is liable for conversion. [1961 c.726 §77.2100 (Enforcement of warehouse’s lien); 2009 c.181 §64]
BILLS OF LADING: SPECIAL PROVISIONS

Source: Section 77.2100 — Enforcement of warehouse’s lien, 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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