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§ 1-9-505. Filing and compliance with other statutes and treaties for consignments, leases, oth...

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 9. Secured Transactions (Refs & Annos)
Part 5. Filing
12A Okl.St.Ann. § 1-9-505
§ 1-9-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions
Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions
(a) A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in subsection (a) of Section 1-9-311 of this title, using the terms “consignor”, “consignee”, “lessor”, “lessee”, “bailor”, “bailee”, “licensor”, “licensee”, “owner”, “registered owner”, “buyer”, “seller”, or words of similar import, instead of the terms “secured party” and “debtor”.
(b) This part applies to the filing of a financing statement under subsection (a) of this section and, as appropriate, to compliance that is equivalent to filing a financing statement under subsection (b) of Section 1-9-311 of this title, but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer which attaches to the collateral is perfected by the filing or compliance.

Credits

Laws 2000, c. 371, § 83, eff. July 1, 2001.
12A Okl. St. Ann. § 1-9-505, OK ST T. 12A § 1-9-505
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.
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