Or. Admin. R. 160-050-0180

Current through Register Vol. 63, No. 6, June 1, 2024

Section 160-050-0180 - Oregon Farm Products Central Filing System

(1) Oregon Farm Products Central Filing System is a statewide filing system that permits the registering of a security interest in farm products by filing an effective financing statement (EFS) with the Office of the Secretary of State.

(2) Within the context of the Oregon Farm Products Central Filing System, farm products means an agricultural commodity including but not limited to wheat, corn, soybeans, or a species of fish or livestock such as cattle, hogs, sheep, horses, or poultry used or produced in farming operations, or a product of such crop, fish or livestock in its unmanufactured state, including but not limited to wool clip, milk and eggs, that is in the possession of a person engaged in farming operations.

(3) In Oregon, the effective financing statement does not create a security interest in the farm products. It is not the same as a financing statement or security agreement filed under the Uniform Commercial Code laws. The effective financing statement is a document that meets the requirements of Section 1324 of Public Law 99-198.

(4) The secured party must submit a UCC filing under ORS Chapter 79 to perfect a security interest in farm products.

Or. Admin. R. 160-050-0180

SD 33-1986(Temp), f. 12-5-86, ef. 12-24-86; SOS 1-1987, f. & ef. 1-2-87; SOS 11-1987, f. 7-9-87, ef. 8-1-87; SOS 24-1987, f. 11-5-87, ef. 11-15-87; PRD 1-1989, f. 12-12-89, cert. ef. 1-1-90, Renumbered from 164-050-0010; CORP 1-2008, f. &cert. ef. 1-15-08

Stat. Auth.: ORS 79.6020(4), 79.6020(5) & 79.6030

Stats. Implemented: ORS 79.6030