§ 2-403. Power to Transfer; Good Faith Purchase of Goods; “Entrusting”
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 2-403
§ 2-403. Power to Transfer; Good Faith Purchase of Goods; “Entrusting”
(1) A purchaser of goods acquires all title which his transferor had or had power to transfer except that a purchaser of a limited interest acquires rights only to the extent of the interest purchased. A person with voidable title has power to transfer a good title to a good faith purchaser for value. When goods have been delivered under a transaction of purchase the purchaser has such power even though
(3) “Entrusting” includes any delivery and any acquiescence in retention of possession regardless of any condition expressed between the parties to the delivery or acquiescence and regardless of whether the procurement of the entrusting or the possessor's disposition of the goods have been such as to be larcenous under the criminal law.
Credits
Laws 1961, p. 87, § 2-403; Laws 1990, c. 273, § 12, eff. Sept. 1, 1990; Laws 1997, c. 112, § 2, eff. Nov. 1, 1997.
12A Okl. St. Ann. § 2-403, OK ST T. 12A § 2-403
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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