Oklahoma § 52-549.6 Rights of purchaser.

Oklahoma Statutes

§ 52-549.6 — Rights of purchaser.

Oklahoma § 52-549.6

Title 52Oil And Gas

This text of Oklahoma § 52-549.6 (Rights of purchaser.) 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. 52, § 52-549.6 (2026).

Text

RIGHTS OF PURCHASERS A purchaser takes free of any oil and gas lien otherwise applicable to the oil or gas so purchased, and shall be relieved of any obligations created by subsection A of Section 570.10 of Title 52 of the Oklahoma Statutes, only in the event that either of the following occur: 1. The purchaser is deemed to be a buyer in the ordinary course of the first purchaser's business as defined in Article 9; or 2. The purchaser has paid all of the consideration due the first purchaser, including by exchange of oil or gas, net-out or set-off, under all applicable enforceable contracts in existence at the time of the payment. Notwithstanding the foregoing, the oil and gas lien will continue uninterrupted in the proceeds paid to or otherwise due the first purchaser. Except as specifica

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

RIGHTS OF PURCHASERS A purchaser takes free of any oil and gas lien otherwise applicable to the oil or gas so purchased, and shall be relieved of any obligations created by subsection A of Section 570.10 of Title 52 of the Oklahoma Statutes, only in the event that either of the following occur: 1. The purchaser is deemed to be a buyer in the ordinary course of the first purchaser's business as defined in Article 9; or 2. The purchaser has paid all of the consideration due the first purchaser, including by exchange of oil or gas, net-out or set-off, under all applicable enforceable contracts in existence at the time of the payment. Notwithstanding the foregoing, the oil and gas lien will continue uninterrupted in the proceeds paid to or otherwise due the first purchaser. Except as specifically set forth in this section, an oil and gas lien has priority over the rights of any purchaser.