Oregon § 367.660 Lien on certain moneys pledged for bonds; terms of lien

Oregon Statutes

§ 367.660 — Lien on certain moneys pledged for bonds; terms of lien

Oregon § 367.660

Vol.10

Title 31Highways, Roads, Bridges and Ferries

Ch. 367Transportation Financing; Projects

This text of Oregon § 367.660 (Lien on certain moneys pledged for bonds; terms of lien) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 367.660 (2026).

Text

If moneys under ORS 367.605 are pledged for purposes of bonds by indenture under ORS 367.640, a lien is established upon the moneys. A lien established by this section is subject to all of the following:

(1)The lien is a first lien and security interest and prior charge upon the pledged moneys except to the extent provided otherwise by the indenture.

(2)The lien is valid and binding from the time the pledge is made.

(3)The pledged moneys are immediately subject to the lien without physical delivery or further act.

(4)The lien is valid and binding against all parties having claims on the money of any kind including claims under tort or contract.

(5)The lien is valid and binding against all parties irrespective of whether the parties have notice of the lien.

(6)No bond, indenture or an

Free access — add to your briefcase to read the full text and ask questions with AI

If moneys under ORS 367.605 are pledged for purposes of bonds by indenture under ORS 367.640, a lien is established upon the moneys. A lien established by this section is subject to all of the following:
(1) The lien is a first lien and security interest and prior charge upon the pledged moneys except to the extent provided otherwise by the indenture.
(2) The lien is valid and binding from the time the pledge is made.
(3) The pledged moneys are immediately subject to the lien without physical delivery or further act.
(4) The lien is valid and binding against all parties having claims on the money of any kind including claims under tort or contract.
(5) The lien is valid and binding against all parties irrespective of whether the parties have notice of the lien.
(6) No bond, indenture or any other instrument by which the pledge is made or the lien created must be recorded or filed except as provided by the indenture under ORS 367.640.