Oregon UCC GL-2 Certificate of Satisfaction of Discharge of Grain Producers Lien - Oregon 2025

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Uniform Commercial Code (UCC) - ORS C​hapter 79 The uniform laws on commercial tra​nsactions developed and promoted by the Uniform Law Commission, and adopted by Oregon in the Oregon Revised Statutes, Chapters 71-79.
UCC means the Uniform Commercial Code as adopted in this state.
A. The UCC-1 form is used to establish a creditors claim on personal property as collateral. By filing this form, creditors notify the public and other potential creditors of their interest in specific assets. It creates a public record that determines the priority of competing claims.
Uniform Commercial Code (UCC) filings allow creditors to notify other creditors about a debtors assets used as collateral for a secured transaction. UCC liens filed with Secretary of State offices act as a public notice by the creditor of the creditors interest in the property.
A UCC filing or UCC-1 financing statement, is a document a lender uses to give notice that they have placed a lien on one or more of a businesss assets.
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