§ 1-9-604. Procedure if security agreement covers real property or fixtures
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 1-9-604
§ 1-9-604. Procedure if security agreement covers real property or fixtures
Procedure if security agreement covers real property or fixtures
(d) A secured party that removes collateral shall promptly reimburse any encumbrancer or owner of the real property, other than the debtor, for the cost of repair of any physical injury caused by the removal. The secured party need not reimburse the encumbrancer or owner for any diminution in value of the real property caused by the absence of the goods removed or by any necessity of replacing them. A person entitled to reimbursement may refuse permission to remove until the secured party gives adequate assurance for the performance of the obligation to reimburse.
Credits
Laws 2000, c. 371, § 111, eff. July 1, 2001.
12A Okl. St. Ann. § 1-9-604, OK ST T. 12A § 1-9-604
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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