§ 1-9-628. Nonliability and limitation on liability of secured party; liability of secondary ob...
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 1-9-628
§ 1-9-628. Nonliability and limitation on liability of secured party; liability of secondary obligor
Nonliability and limitation on liability of secured party; liability of secondary obligor
(c) A secured party is not liable to any person, and a person's liability for a deficiency is not affected, because of any act or omission arising out of the secured party's reasonable belief that a transaction is not a consumer-goods transaction or a consumer transaction or that goods are not consumer goods, if the secured party's belief is based on its reasonable reliance on:
Credits
Laws 2000, c. 371, § 135, eff. July 1, 2001.
12A Okl. St. Ann. § 1-9-628, OK ST T. 12A § 1-9-628
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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