Identification of goods as goods to which a lease contract refers may be made at any time and in any manner explicitly agreed to by the parties. In the absence of explicit agreement, identification occurs:\n(1) When the lease contract is made if the lease contract is for a lease of goods that are existing and identified;\n(2) When the goods are shipped, marked or otherwise designated by the lessor as goods to which the lease contract refers, if the lease contract is for a lease of goods that are not existing and identified; or\n(3) When the young are conceived, if the lease contract is for a lease of unborn young of animals. [1989 c.676 §26]
Oregon Legal Code