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Oregon Revised Statutes Shipping and Navigation § 783.020

Current as of January 01, 2023 | Updated by FindLaw Staff

(1) The classes of claims specified in ORS 783.010 shall have priority according to the order in which they are enumerated.

(2) The liens under ORS 783.010 shall have precedence over all other liens and claims against such boat or vessel, except the following liens, claims and security interests, whether or not the following liens, claims or security interests have arisen or been perfected before or after liens under ORS 783.010:

(a) Liens and claims arising under those portions of the Ship Mortgage Act, 1920, that appear in sections 921 to 954 and 971 to 975 of title 46 of the United States Code.

(b) Security interests perfected under ORS chapter 79.

(c) Security interests on certificates of title perfected under ORS chapter 830.

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Cite this article: FindLaw.com - Oregon Revised Statutes Shipping and Navigation § 783.020 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-58-shipping-and-navigation/or-rev-st-sect-783-020/

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