Oregon Assignment of Seller's Interest in Security Agreement is a legal document that outlines the transfer of a seller's rights and interests in a security agreement to another party in the state of Oregon. This assignment typically occurs when the seller wishes to transfer their rights, title, and interest in the collateral provided by the buyer to secure the payment obligations. Keywords: Oregon, Assignment of Seller's Interest, Security Agreement, transfer, rights, interests, collateral, payment obligations. There are different types of Oregon Assignment of Seller's Interest in Security Agreement, mainly categorized based on the specific security agreement and collateral involved. Some common types include: 1. Oregon Assignment of Seller's Interest in Mortgage Agreement: This type of assignment allows the seller to transfer their rights and interests in a mortgage agreement, which is commonly used to secure real estate loans. 2. Oregon Assignment of Seller's Interest in Equipment Lease Agreement: In this type of assignment, the seller transfers their interest in a security agreement related to leased equipment. This can include machinery, vehicles, or any other specific equipment covered under the lease. 3. Oregon Assignment of Seller's Interest in Accounts Receivable Agreement: This assignment pertains to the transfer of a seller's interest in accounts receivable, which are the outstanding balances owed to the seller by their customers or clients. 4. Oregon Assignment of Seller's Interest in Chattel Mortgage Agreement: This assignment involves the transfer of the seller's rights and interests in a chattel mortgage agreement, which secures a loan using movable property such as personal belongings, livestock, or other valuable assets. 5. Oregon Assignment of Seller's Interest in Promissory Note Agreement: This type of assignment occurs when a seller transfers their rights and interests in a promissory note, a written promise by the buyer to pay a specific amount within a designated timeframe. It is important to note that these examples are not exhaustive, and there may be other specific types of Oregon Assignment of Seller's Interest in Security Agreement based on the unique circumstances of the transaction. It is advised to consult with a legal professional to determine the most appropriate type of assignment based on the specific situation.
Oregon Assignment of Seller's Interest in Security Agreement
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Assignment of Rights If public aid is paid and received for the support of a child, the rights to child support that any person may have for the child are considered assigned to the state by operation of law.
(1) A security interest in chattel paper or negotiable documents may be perfected by filing. A security interest in the right to proceeds of a written letter of credit can be perfected only by the secured party's taking possession of the letter of credit.
A security interest in a certificated security?or any uncertificated security, for that matter?can be perfected by the proper filing of a UCC-1 financing statement. Alternatively, a secured party can perfect an interest in a certificated security by control of the certificate.
(1) A security interest in chattel paper or negotiable documents may be perfected by filing. A security interest in the right to proceeds of a written letter of credit can be perfected only by the secured party's taking possession of the letter of credit.
If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other Person to secure payment and performance of an Account in an amount in excess of $250,000, such Grantor shall promptly assign such security interest to the Collateral Agent for the benefit of the Secured Parties.
PMSI in Inventory Perfect the PMSI by filing a financing statement naming the borrower as debtor and seller as secured party, and properly identifying the goods to be sold as the collateral. Perform a UCC search in the appropriate jurisdiction to identify the borrower's secured creditors and their collateral.
Security interests for most types of collateral are usually perfected by filing a document simply called a "financing statement." You'll usually file this form with the secretary of state or other public office.
To perfect a security interest in fixtures, a fixture financing statement must be recorded with the county recorder's office and include a description of the real property where the fixture will be located.