Oklahoma § 12A-1-9-110 Security interests arising under article 2 or 2a.

Oklahoma Statutes

§ 12A-1-9-110 — Security interests arising under article 2 or 2a.

Oklahoma·Title 12A Uniform Commercial Code

SECURITY INTERESTS ARISING UNDER ARTICLE 2 OR 2A 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.

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SECURITY INTERESTS ARISING UNDER ARTICLE 2 OR 2A 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.

Oklahoma § 12A-1-9-110 (Security interests arising under article 2 or 2a.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.