Oklahoma Statutes
§ 12A-1-9-702 — Savings clause.
Oklahoma·Title 12A Uniform Commercial Code
SAVINGS CLAUSE (a) Except as otherwise provided in this part, this act applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this act takes effect.
(b)Except as otherwise provided in subsection (c) of this section and Sections 1-9-703 through 1-9-709 of this title:
(1)transactions and liens that were not governed by former Article 9 of this title, were validly entered into or created before this act takes effect, and would be subject to this act if they had been entered into or created after this act takes effect, and the rights, duties, and interests flowing from those transactions and liens remain valid after this act takes effect; and (2) the transactions and liens may be terminated, completed, consummated, and enforced a
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Legislative History
Added by Laws 2000, c. 371, § 136, eff. July 1, 2001.
Nearby Sections
15
§ 12A-1-101
Short titles.§ 12A-1-102
Scope of article.§ 12A-1-104
Construction against implicit repeal.§ 12A-1-106
Use of singular and plural - Gender.§ 12A-1-107
Section captions.§ 12A-1-108
Repealed§ 12A-1-108.1
Relationship to Electronic Signatures in Global and§ 12A-1-202
Notice - Knowledge.§ 12A-1-203
Lease distinguished from security interest.§ 12A-1-204
"Value".§ 12A-1-205
Reasonable time - Seasonableness.§ 12A-1-206
Presumptions.