Oklahoma § 12A-1-9-617 Rights of transferee of collateral.

Oklahoma Statutes

§ 12A-1-9-617 — Rights of transferee of collateral.

Oklahoma § 12A-1-9-617

Title 12AUniform Commercial Code

This text of Oklahoma § 12A-1-9-617 (Rights of transferee of collateral.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 12A, § 12A-1-9-617 (2026).

Text

RIGHTS OF TRANSFEREE OF COLLATERAL (a) A secured party’s disposition of collateral after default:

(1)transfers to a transferee for value all of the debtor’s rights in the collateral;

(2)discharges the security interest under which the disposition is made; and (3) discharges any subordinate security interest or other subordinate lien.

(b)A transferee that acts in good faith takes free of the rights and interests described in subsection (a) of this section, even if the secured party fails to comply with this article or the requirements of any judicial proceeding.

(c)If a transferee does not take free of the rights and interests described in subsection (a) of this section, the transferee takes the collateral subject to:

(1)the debtor’s rights in the collateral;

(2)the security interest

Free access — add to your briefcase to read the full text and ask questions with AI

RIGHTS OF TRANSFEREE OF COLLATERAL (a) A secured party’s disposition of collateral after default: (1) transfers to a transferee for value all of the debtor’s rights in the collateral; (2) discharges the security interest under which the disposition is made; and (3) discharges any subordinate security interest or other subordinate lien. (b) A transferee that acts in good faith takes free of the rights and interests described in subsection (a) of this section, even if the secured party fails to comply with this article or the requirements of any judicial proceeding. (c) If a transferee does not take free of the rights and interests described in subsection (a) of this section, the transferee takes the collateral subject to: (1) the debtor’s rights in the collateral; (2) the security interest or agricultural lien under which the disposition is made; and (3) any other security interest or other lien.