(1) The security interest is enforceable, even if ORS 79.0203 (2)(c) has not been satisfied;
(2) Filing is not required to perfect the security interest;
(3) The rights of the secured party after default by the debtor are governed by ORS chapter 72 or 72A; and
(4) The security interest has priority over a conflicting security interest created by the debtor. [2001 c.445 §10]
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