ORS 526.760: Priority; lien survives land foreclosure proceedings.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1) The lien on forest products and accounts receivable created by ORS 526.740 is valid and shall have priority over all other liens, security interests and encumbrances on the forest products and accounts receivable covered by the lien even though it does not create a lien on the land on which the forest products are growing, except that ad valorem taxes and duly perfected liens, security interests and encumbrances which were perfected prior to the filing of the notice of lien under ORS 526.745 shall have priority over a lien created under ORS 526.740. (2) Notwithstanding subsection (1) of this section, the lien upon forest products and accounts receivable created by ORS 526.740 shall survive the foreclosure of any land sale contract, mortgage, trust deed or other lien or encumbrance upon or security interest in the forest products or the forestland described in the notice of lien filed under ORS 526.745, and shall remain in full force and effect until released, fully satisfied or foreclosed. [1995 c.207 §7]
Administrative rules citing this section
- OAR 629-022-0030: Purpose and Trust Responsibilities — implements
- OAR 629-022-0035: Applicability — implements
- OAR 629-022-0040: Definitions — implements
- OAR 629-022-0110: Trust Funds — Eligibility — implements
- OAR 629-022-0120: Applying for Trust Funds — implements
- OAR 629-022-0130: Loan Program — Project Plan — implements
- OAR 629-022-0140: Approval of a Proposed Project — implements
- OAR 629-022-0150: Loan Program Contract — implements
- OAR 629-022-0160: Loan Program Security Instrument — implements
- OAR 629-022-0200: Implementing the Project Plan; Payments — implements
- OAR 629-022-0210: Landowner Obligations — implements
- OAR 629-022-0220: Project Rates and Costs — implements
- OAR 629-022-0230: Resource Management Professional Fees — implements
- OAR 629-022-0250: Life of the Contract — implements
- OAR 629-022-0300: Repaying Trust Funds — implements
- OAR 629-022-0320: Interest Rate — implements
- OAR 629-022-0380: Catastrophe; Salvage Adjustments — implements
- OAR 629-022-0390: Adequately Stocked Forest Stand — implements
- OAR 629-022-0400: Trust Administration — Landowner Breach of Loan Program Contract — implements
- OAR 629-022-0410: Remedies for Breach of Loan Program Contract — implements
This rule cites
- ORS 526.740 — resolved
- ORS 526.745 — resolved
Cited by
No inbound citations found.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors526.html