Chapter 79 — Secured Transactions
ORS 79.0106 UCC 9-106
Control of investment property. (1) A person has control of a certificated security, uncertificated security or security entitlement as provided in
ORS 78.1060.
A secured party has control of a commodity contract if:
The secured party is the commodity intermediary with which the commodity contract is carried; or
The commodity customer, secured party and commodity intermediary have agreed that the commodity intermediary will apply any value distributed on account of the commodity contract as directed by the secured party without further consent by the commodity customer.
A secured party having control of all security entitlements or commodity contracts carried in a securities account or commodity account has control over the securities account or commodity account.
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Provenance
2023 Oregon Revised Statutes
Official online edition
- Source
- oregonlegislature.gov
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Version history
Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.
2025 Oregon Revised Statutes — official online source · renumbered · designation only
Official source2023 Oregon Revised Statutes · active · operative text
Official source