Home Table of Contents

§ 1-9-110. Security interests arising under Article 2 or 2A

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 9. Secured Transactions (Refs & Annos)
Part 1. General Provisions
12A Okl.St.Ann. § 1-9-110
§ 1-9-110. Security interests arising under Article 2 or 2A
Security interests arising under Article 2 or 2A1
A security interest arising under Section 2-401, 2-505, paragraph (3) of Section 2-711, or paragraph (5) of Section 2A-508 of this title is subject to this article. However, until the debtor obtains possession of the goods:
(1) the security interest is enforceable, even if paragraph (3) of subsection (b) of Section 1-9-203 of this title has not been satisfied;
(2) filing is not required to perfect the security interest;
(3) the rights of the secured party after default by the debtor are governed by Article 2 or 2A of this title; and
(4) the security interest has priority over a conflicting security interest created by the debtor.

Credits

Laws 2000, c. 371, § 10, eff. July 1, 2001.

Footnotes

Title 12A, § 2-101 et seq. and Title 12A, § 2A-101 et seq.
12A Okl. St. Ann. § 1-9-110, OK ST T. 12A § 1-9-110
Current with emergency effective legislation through Chapter 378 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document