ORS 79.0205 UCC 9-205

Use or disposition of collateral permissible. (1) A security interest is not invalid or fraudulent against creditors solely because:

The debtor has the right or ability to:

Use, commingle or dispose of all or part of the collateral, including returned or repossessed goods;

Collect, compromise, enforce or otherwise deal with collateral;

Accept the return of collateral or make repossessions; or

Use, commingle or dispose of proceeds; or

The secured party fails to require the debtor to account for proceeds or replace collateral.

This section does not relax the requirements of possession if attachment, perfection or enforcement of a security interest depends upon possession of the collateral by the secured party.