In ORS 80.1010 to 80.1070: “Controllable electronic record” means a record stored in an electronic medium that can be subjected to control under ORS 80.1050. “Controllable electronic record” does not include a controllable account, a controllable payment intangible, a deposit account, an electronic copy of a record evidencing chattel paper, an electronic d…

80.1030 UCC 12.103. Relation to Article 9 and consumer laws

If there is a conflict between ORS 80.1010 to 80.1070 and ORS chapter 79A, ORS chapter 79A governs. A transaction subject to ORS 80.1010 to 80.1070 is subject to any applicable rule of law that establishes a different rule for consumers.

80.1040 UCC 12.104. Rights in controllable account, controllable electronic record and controllable payment intangible

This section applies to the acquisition and purchase of rights in a controllable account or controllable payment intangible, including the rights and benefits under subsections (3), (4), (5) and (8) of this section of a purchaser and qualifying purchaser, in the same manner this section applies to a controllable electronic record. To determine whether a pur…

80.1050 UCC 12.105. Control of controllable electronic record

A person has control of a controllable electronic record if the electronic record, a record attached to or logically associated with the electronic record or a system in which the electronic record is recorded: Gives the person: Power to avail itself of substantially all of the benefit from the electronic record; and Exclusive power, subject to subsection…

80.1060 UCC 12.106. Discharge of account debtor on controllable account or controllable payment intangible

An account debtor on a controllable account or controllable payment intangible may discharge its obligation by paying: The person having control of the controllable electronic record that evidences the controllable account or controllable payment intangible; or Except as provided in subsection (2) of this section, a person that formerly had control of the …

80.1070 UCC 12.107. Governing law

Except as provided in subsection (2) of this section, the local law of a controllable electronic record’s jurisdiction governs a matter covered under ORS 80.1010 to 80.1070. For a controllable electronic record that evidences a controllable account or controllable payment intangible, the local law of the controllable electronic record’s jurisdiction governs…