Section 726.370 - Multiple claimants of pledge; interpleader.

OR Rev Stat § 726.370 (2019) (N/A)
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(a) A boat, as defined in ORS 830.005;

(b) A snowmobile, as defined in ORS 801.490;

(c) A trailer, as described in ORS 726.010 (2)(a)(D); or

(d) An all-terrain vehicle that is not required to be registered with the Department of Transportation.

(2) In an action brought against the pawnbroker for recovery of the pledge, the pawnbroker may as a defense require all known claimants to interplead.

(3) If either claimant does not bring an action against the pawnbroker within 30 days after notice of an adverse claim, the pawnbroker may dispose of the pledge as provided in this chapter. [Amended by 2013 c.261 §3]