§ 5-118.1. Security Interest of Issuer or Nominated Person
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 5-118.1
§ 5-118.1. Security Interest of Issuer or Nominated Person
Security Interest of Issuer or Nominated Person
(b) As long as and to the extent that an issuer or nominated person has not been reimbursed or has not otherwise recovered the value given with respect to a security interest in a document under subsection (a) of this section, the security interest continues and is subject to Article 9 of this title,1 but:
(3) if the document is presented in a written or other tangible medium and is not a certificated security, chattel paper, a document of title, an instrument, or a letter of credit, so long as the debtor does not have possession of the document, the security is perfected and has priority over a conflicting security interest in the document.
Credits
Laws 2000, c. 371, § 158, eff. July 1, 2001.
Footnotes
Title 12A, § 1-9-101 et seq.
12A Okl. St. Ann. § 5-118.1, OK ST T. 12A § 5-118.1
Current with emergency effective legislation through Chapter 90 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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