Okla. Stat. tit. 12A, § 12A-1-9-102

DEFINITIONS AND INDEX OF DEFINITIONS

(a) In this article:

(1) "Accession" means goods that are physically united with

other goods in such a manner that the identity of the original goods

is not lost.

(2) (A) "Account", except as used in "account for", "account

statement", "account to", "commodity account" in

paragraph (14) of this subsection, "customer account",

"deposit account" in paragraph (29) of this

subsection, "on account of", and "statement of

account", means a right to payment of a monetary

obligation, whether or not earned by performance:

(i) for property that has been or is to be sold,

leased, licensed, assigned, or otherwise disposed

of;

(ii) for services rendered or to be rendered;

(iii) for a policy of insurance issued or to be issued;

(iv) for a secondary obligation incurred or to be

incurred;

(v) for energy provided or to be provided;

(vi) for the use or hire of a vessel under a charter

or other contract;

(vii) arising out of the use of a credit or charge card

or information contained on or for use with the

card; or

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(viii) as winnings in a lottery or other game of chance

operated or sponsored by a state, governmental

unit of a state, or a person licensed or

authorized to operate the game by a state or

governmental unit of a state.

(B) The term includes controllable accounts and health-

care-insurance receivables.

(C) The term does not include:

(i) chattel paper;

(ii) commercial tort claims;

(iii) deposit accounts;

(iv) investment property;

(v) letter-of-credit rights or letters of credit;

(vi) rights to payment for money or funds advanced or

sold, other than rights arising out of the use of

a credit or charge card or information contained

on or for use with the card; or

(vii) rights to payment evidenced by an instrument.

(3) "Account debtor" means a person obligated on an account,

chattel paper, or general intangible. The term does not include

persons obligated to pay a negotiable instrument, even if the

negotiable instrument evidences chattel paper.

(4) "Accounting", except as used in "accounting for", means a

record:

(A) signed by a secured party;

(B) indicating the aggregate unpaid secured obligations as

of a date not more than thirty-five (35) days earlier

or thirty-five (35) days later than the date of the

record; and

(C) identifying the components of the obligations in

reasonable detail.

(5) "Agricultural lien" means an interest in farm products:

(A) which secures payment or performance of an obligation

for:

(i) goods or services furnished in connection with a

debtor's farming operation; or

(ii) rent on real property leased by a debtor in

connection with its farming operation;

(B) which is created by statute in favor of a person that:

(i) in the ordinary course of its business furnished

goods or services to a debtor in connection with

a debtor's farming operation; or

(ii) leased real property to a debtor in connection

with the debtor's farming operation; and

(C) whose effectiveness does not depend on the person's

possession of the personal property.

(6) "As-extracted collateral" means:

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(A) oil, gas, or other minerals that are subject to a

security interest that:
btor's farming operation; or

(ii) leased real property to a debtor in connection

with the debtor's farming operation; and

(C) whose effectiveness does not depend on the person's

possession of the personal property.

(6) "As-extracted collateral" means:

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 22

(A) oil, gas, or other minerals that are subject to a

security interest that:

(i) is created by a debtor having an interest in the

minerals before extraction; and

(ii) attaches to the minerals as extracted; or

(B) accounts arising out of the sale at the wellhead or

minehead of oil, gas, or other minerals in which the

debtor had an interest before extraction.

(7) Reserved.

(7A) "Assignee", except as used in "assignee for benefit of

creditors", means a person:

(A) in whose favor a security interest that secures an

obligation is created or provided for under a security

agreement, whether or not the obligation is

outstanding; or

(B) to which an account, chattel paper, payment

intangible, or promissory note has been sold. The

term includes a person to which a security interest

has been transferred by a secured party.

(7B) "Assignor" means a person that:

(A) under a security agreement, creates or provides for a

security interest that secures an obligation; or

(B) sells an account, chattel paper, payment intangible,

or promissory note. The term includes a secured party

that has transferred a security interest to another

person.

(8) "Bank" means an organization that is engaged in the

business of banking. The term includes savings banks, savings and

loan associations, credit unions, and trust companies.

(9) "Cash proceeds" means proceeds that are money, checks,

deposit accounts, or the like.

(10) "Certificate of title" means a certificate of title with

respect to which a statute provides for the security interest in

question to be indicated on the certificate as a condition or result

of the security interest's obtaining priority over the rights of a

lien creditor with respect to the collateral. The term includes

another record maintained as an alternative to a certificate of

title by the governmental unit that issues certificates of title if

a statute permits the security interest in question to be indicated

on the record as a condition or result of the security interest's

obtaining priority over the rights of a lien creditor with respect

to the collateral.

(11) "Chattel paper" means:

(A) a right to payment of a monetary obligation secured by

specific goods, if the right to payment and security

agreement are evidenced by a record; or

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(B) a right to payment of a monetary obligation owed by a

lessee under a lease agreement with respect to

specific goods and a monetary obligation owed by the

lessee in connection with the transaction giving rise

to the lease, if:

(i) the right to payment and lease agreement are

evidenced by a record; and

(ii) the predominant purpose of the transaction giving

rise to the lease was to give the lessee the

right to possession and use of the goods.

The term does not include a right to payment arising out of a

charter or other contract involving the use or hire of a vessel or a

right to payment arising out of the use of a credit or charge card

or information contained on or for use with the card.

(12) "Collateral" means the property subject to a security

interest or agricultural lien. The term includes:

(A) proceeds to which a security interest attaches;

(B) accounts, chattel paper, payment intangibles, and

promissory notes that have been sold; and

(C) goods that are the subject of a consignment.

(13) "Commercial tort claim" means a claim arising in tort with

respect to which:

(A) the claimant is an organization; or

(B) the claimant is an individual and the claim:
lien. The term includes:

(A) proceeds to which a security interest attaches;

(B) accounts, chattel paper, payment intangibles, and

promissory notes that have been sold; and

(C) goods that are the subject of a consignment.

(13) "Commercial tort claim" means a claim arising in tort with

respect to which:

(A) the claimant is an organization; or

(B) the claimant is an individual and the claim:

(i) arose in the course of the claimant's business or

profession; and

(ii) does not include damages arising out of personal

injury to or the death of an individual.

(14) "Commodity account" means an account maintained by a

commodity intermediary in which a commodity contract is carried for

a commodity customer.

(15) "Commodity contract" means a commodity futures contract,

an option on a commodity futures contract, a commodity option, or

another contract if the contract or option is:

(A) traded on or subject to the rules of a board of trade

that has been designated as a contract market for such

a contract pursuant to federal commodities laws; or

(B) traded on a foreign commodity board of trade,

exchange, or market, and is carried on the books of a

commodity intermediary for a commodity customer.

(16) "Commodity customer" means a person for which a commodity

intermediary carries a commodity contract on its books.

(17) "Commodity intermediary" means a person that:

(A) is registered as a futures commission merchant under

federal commodities law; or

(B) in the ordinary course of its business provides

clearance or settlement services for a board of trade

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that has been designated as a contract market pursuant

to federal commodities law.

(18) "Communicate" means:

(A) to send a written or other tangible record;

(B) to transmit a record by any means agreed upon by the

persons sending and receiving the record; or

(C) in the case of transmission of a record to or by a

filing office, to transmit a record by any means

prescribed by filing-office rule.

(19) "Consignee" means a merchant to which goods are delivered

in a consignment.

(20) "Consignment" means a transaction, regardless of its form,

in which a person delivers goods to a merchant for the purpose of

sale and:

(A) the merchant:

(i) deals in goods of that kind under a name other

than the name of the person making delivery;

(ii) is not an auctioneer; and

(iii) is not generally known by its creditors to be

substantially engaged in selling the goods of

others;

(B) with respect to each delivery, the aggregate value of

the goods is One Thousand Dollars ($1,000.00) or more

at the time of delivery;

(C) the goods are not consumer goods immediately before

delivery; and

(D) the transaction does not create a security interest

that secures an obligation.

(21) "Consignor" means a person that delivers goods to a

consignee in a consignment.

(22) "Consumer debtor" means a debtor in a consumer

transaction.

(23) "Consumer goods" means goods that are used or bought for

use primarily for personal, family, or household purposes.

(24) "Consumer-goods transaction" means a consumer transaction

in which:

(A) an individual incurs an obligation primarily for

personal, family, or household purposes; and

(B) a security interest in consumer goods secures the

obligation.

(25) "Consumer obligor" means an obligor who is an individual

and who incurred the obligation as part of a transaction entered

into primarily for personal, family, or household purposes.

(26) "Consumer transaction" means a transaction in which (i) an

individual incurs an obligation primarily for personal, family, or

household purposes, (ii) a security interest secures the obligation,

and (iii) the collateral is held or acquired primarily for personal,

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family, or household purposes. The term includes consumer-goods

transactions.
transaction" means a transaction in which (i) an

individual incurs an obligation primarily for personal, family, or

household purposes, (ii) a security interest secures the obligation,

and (iii) the collateral is held or acquired primarily for personal,

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 25

family, or household purposes. The term includes consumer-goods

transactions.

(27) "Continuation statement" means an amendment of a financing

statement which:

(A) identifies, by its file number, the initial financing

statement to which it relates; and

(B) indicates that it is a continuation statement for, or

that it is filed to continue the effectiveness of, the

identified financing statement.

(27A) "Controllable account" means an account evidenced by a

controllable electronic record that provides that the account debtor

undertakes to pay the person that has control under Section 12-105

of this title of the controllable electronic record.

(27B) "Controllable payment intangible" means a payment

intangible evidenced by a controllable electronic record that

provides that the account debtor undertakes to pay the person that

has control under Section 12-105 of this title of the controllable

electronic record.

(28) "Debtor" means:

(A) a person having an interest, other than a security

interest or other lien, in the collateral, whether or

not the person is an obligor;

(B) a seller of accounts, chattel paper, payment

intangibles, or promissory notes; or

(C) a consignee.

(29) "Deposit account" means a demand, time, savings, passbook,

or similar account maintained with a bank as defined in paragraph

(8) of this subsection. The term does not include investment

property or a deposit account evidenced by an instrument.

(30) "Document" means a document of title or a receipt of the

type described in subsection (b) of Section 7-201 of this title.

(31) Reserved.

(32) "Encumbrance" means a right, other than an ownership

interest, in real property. The term includes mortgages and other

liens on real property.

(33) "Equipment" means goods other than inventory, farm

products, or consumer goods.

(34) "Farm products" means goods, other than standing timber,

with respect to which the debtor is engaged in a farming operation

and which are:

(A) crops grown, growing, or to be grown, including:

(i) crops produced on trees, vines, and bushes; and

(ii) aquatic goods produced in aquacultural

operations;

(B) livestock, born or unborn, including aquatic goods

produced in aquacultural operations;

(C) supplies used or produced in a farming operation; or

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(D) products of crops or livestock in their unmanufactured

states.

(35) "Farming operation" means raising, cultivating,

propagating, fattening, grazing, or any other farming, livestock, or

aquacultural operation.

(36) "File number" means the number assigned to an initial

financing statement pursuant to subsection (a) of Section 1-9-519 of

this title.

(37) "Filing office" means an office designated in Section 1-9-

501 as the place to file a financing statement.

(38) "Filing-office rule" means a rule adopted pursuant to

Sections 1-9-526 and 1-9-526.1 of this title.

(39) "Financing statement" means a record or records composed

of an initial financing statement and any filed record relating to

the initial financing statement.

(40) "Fixture filing" means the filing of a financing statement

covering goods that are or are to become fixtures and satisfying

subsections (a) and (b) of Section 1-9-502 of this title. The term

includes the filing of a financing statement covering goods of a

transmitting utility which are or are to become fixtures.

(41) "Fixtures" means goods that have become so related to

particular real property that an interest in them arises under real

property law.
overing goods that are or are to become fixtures and satisfying

subsections (a) and (b) of Section 1-9-502 of this title. The term

includes the filing of a financing statement covering goods of a

transmitting utility which are or are to become fixtures.

(41) "Fixtures" means goods that have become so related to

particular real property that an interest in them arises under real

property law.

(42) "General intangible" means any personal property,

including things in action, other than accounts, chattel paper,

commercial tort claims, deposit accounts, documents, goods,

instruments, investment property, letter-of-credit rights, letters

of credit, money, and oil, gas, or other minerals before extraction.

The term includes controllable electronic records, payment

intangibles and software.

(43) "Good faith" means honesty in fact and the observance of

reasonable commercial standards of fair dealing.

(44) (A) "Goods" means all things that are movable when a

security interest attaches.

(B) The term includes:

(i) fixtures;

(ii) standing timber that is to be cut and removed

under a conveyance or contract for sale;

(iii) the unborn young of animals;

(iv) crops grown, growing, or to be grown, even if the

crops are produced on trees, vines, or bushes;

and

(v) manufactured homes.

(C) The term also includes a computer program embedded in

goods and any supporting information provided in

connection with a transaction relating to the program

if:

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(i) the program is associated with the goods in such

a manner that it customarily is considered part

of the goods; or

(ii) by becoming the owner of the goods, a person

acquires a right to use the program in connection

with the goods.

(D) The term does not include a computer program which is

embedded in goods and that consist solely of the

medium in which the program is embedded.

(E) The term also does not include accounts, chattel

paper, commercial tort claims, deposit accounts,

documents, general intangibles, instruments,

investment property, letter-of-credit rights, letters

of credit, money, or oil, gas, or other minerals

before extraction.

(45) "Governmental unit" means a subdivision, agency,

department, county, parish, municipality, or other unit of the

government of the United States, a state, or a foreign country. The

term includes an organization having a separate corporate existence

if the organization is eligible to issue debt on which interest is

exempt from income taxation under the laws of the United States.

(46) "Health-care-insurance receivable" means an interest in or

claim under a policy of insurance which is a right to payment of a

monetary obligation for health-care goods or services provided or to

be provided.

(47) (A) "Instrument" means a negotiable instrument or any

other writing that evidences a right to the payment of

a monetary obligation, is not itself a security

agreement or lease, and is of a type that in ordinary

course of business is transferred by delivery with any

necessary endorsement or assignment.

(B) "Instrument" includes:

(i) an instrument as defined in subparagraph (A) of

this paragraph, whether the instrument is subject

to Section 3-104 of this title because it is not

payable to order; and

(ii) a writing that contains both an acknowledgment by

a bank as defined in paragraph (8) of this

subsection that a sum of money has been received

by the bank and its promise to repay the sum of

money, which is considered a certificate of

deposit by the bank issuing it, even if the

writing provides that it is nontransferable or

uses similar language.

(C) The term does not include:
er; and

(ii) a writing that contains both an acknowledgment by

a bank as defined in paragraph (8) of this

subsection that a sum of money has been received

by the bank and its promise to repay the sum of

money, which is considered a certificate of

deposit by the bank issuing it, even if the

writing provides that it is nontransferable or

uses similar language.

(C) The term does not include:

(i) investment property;

(ii) letters of credit;

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(iii) writings that evidence a right to payment arising

out of the use of a credit or charge card or

information contained on or for use with the

card; or

(iv) writings that evidence chattel paper.

(48) "Inventory" means goods, other than farm products, which:

(A) are leased by a person as lessor;

(B) are held by a person for sale or lease or to be

furnished under a contract of service;

(C) are furnished by a person under a contract of service;

or

(D) consist of raw materials, work in process, or

materials used or consumed in a business.

(49) "Investment property" means a security, whether

certificated or uncertificated, security entitlement, securities

account, commodity contract, or commodity account.

(50) "Jurisdiction of organization", with respect to a

registered organization, means the jurisdiction under whose law the

organization is formed or organized.

(51) "Letter-of-credit right" means a right to payment or

performance under a letter of credit, whether or not the beneficiary

has demanded or is at the time entitled to demand payment or

performance. The term does not include the right of a beneficiary

to demand payment or performance under a letter of credit.

(52) "Lien creditor" means:

(A) a creditor that has acquired a lien on the property

involved by attachment, levy, or the like;

(B) an assignee for benefit of creditors from the time of

assignment;

(C) a trustee in bankruptcy from the date of the filing of

the petition; or

(D) a receiver in equity from the time of appointment.

(53) (A) "Manufactured home" means a structure, transportable

in one or more sections, which:

(i) in the traveling mode, is eight (8) body feet or

more in width or forty (40) body feet or more in

length, or, when erected on site, is three

hundred twenty (320) or more square feet;

(ii) is built on a permanent chassis;

(iii) is designed to be used as a dwelling with or

without a permanent foundation when connected to

the required utilities; and

(iv) includes the plumbing, heating, air-conditioning,

and electrical systems contained therein.

(B) The term includes any structure that meets all of the

requirements of this paragraph except the size

requirements and with respect to which the

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 29

manufacturer voluntarily files a certification

required by the United States Secretary of Housing and

Urban Development and complies with the standards

established under Title 42 of the United States Code.

(54) "Manufactured-home transaction" means a secured

transaction:

(A) that creates a purchase-money security interest in a

manufactured home, other than a manufactured home held

as inventory; or

(B) in which a manufactured home, other than a

manufactured home held as inventory, is the primary

collateral.

(54A) "Money" has the same meaning as in paragraph (24) of

subsection (b) of Section 1-201 of this title, but does not include

a deposit account.

(55) "Mortgage" means a consensual interest in real property,

including fixtures, which secures payment or performance of an

obligation.

(56) "New debtor" means a person that becomes bound as a debtor

under subsection (d) of Section 1-9-203 of this title by a security

agreement previously entered into by another person.

(57) (A) "New value" means:
e, but does not include

a deposit account.

(55) "Mortgage" means a consensual interest in real property,

including fixtures, which secures payment or performance of an

obligation.

(56) "New debtor" means a person that becomes bound as a debtor

under subsection (d) of Section 1-9-203 of this title by a security

agreement previously entered into by another person.

(57) (A) "New value" means:

(i) money;

(ii) money's worth in property, services, or new

credit; or

(iii) release by a transferee of an interest in

property previously transferred to the

transferee.

(B) The term does not include an obligation substituted

for another obligation.

(58) "Noncash proceeds" means proceeds other than cash

proceeds.

(59) (A) "Obligor" means a person that, with respect to an

obligation secured by a security interest in or an

agricultural lien on the collateral:

(i) owes payment or other performance of the

obligation;

(ii) has provided property other than the collateral

to secure payment or other performance of the

obligation; or

(iii) is otherwise accountable in whole or in part for

payment or other performance of the obligation.

(B) The term does not include issuers or nominated persons

under a letter of credit.

(60) "Original debtor" means a person that, as debtor, entered

into a security agreement to which a new debtor has become bound

under subsection (d) of Section 1-9-203 of this title.

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(61) "Payment intangible" means a general intangible under

which the account debtor's principal obligation is a monetary

obligation. The term includes a controllable payment intangible.

(62) "Person related to", with respect to an individual, means:

(A) the spouse of the individual;

(B) a brother, brother-in-law, sister, or sister-in-law of

the individual;

(C) an ancestor or lineal descendant of the individual or

the individual's spouse; or

(D) any other relative, by blood or marriage, of the

individual or the individual's spouse who shares the

same home with the individual.

(63) "Person related to", with respect to an organization,

means:

(A) a person directly or indirectly controlling,

controlled by, or under common control with the

organization;

(B) an officer or director of, or a person performing

similar functions with respect to, the organization;

(C) an officer or director of, or a person performing

similar functions with respect to, a person described

in subparagraph (A) of this paragraph;

(D) the spouse of an individual described in subparagraph

(A), (B), or (C) of this paragraph; or

(E) an individual who is related by blood or marriage to

an individual described in subparagraph (A), (B), (C),

or (D) of this paragraph and who shares the same home

with the individual.

(64) "Proceeds" means the following property:

(A) whatever is acquired upon the sale, lease, license,

exchange, or other disposition of collateral;

(B) whatever is collected on, or distributed on account

of, collateral;

(C) rights arising out of collateral;

(D) to the extent of the value of collateral, claims

arising out of the loss, nonconformity, or

interference with the use of, defects or infringement

of rights in, or damage to, the collateral; or

(E) to the extent of the value of collateral and to the

extent payable to the debtor or the secured party,

insurance payable by reason of the loss or

nonconformity of, defects or infringement of rights

in, or damage to, the collateral.

(65) "Promissory note" means an instrument that evidences a

promise to pay a monetary obligation, does not evidence an order to

pay, and does not contain an acknowledgment by a bank that the bank

has received for deposit a sum of money or funds.

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 31
nonconformity of, defects or infringement of rights

in, or damage to, the collateral.

(65) "Promissory note" means an instrument that evidences a

promise to pay a monetary obligation, does not evidence an order to

pay, and does not contain an acknowledgment by a bank that the bank

has received for deposit a sum of money or funds.

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 31

(66) "Proposal" means a record signed by a secured party which

includes the terms on which the secured party is willing to accept

collateral in full or partial satisfaction of the obligation it

secures pursuant to Sections 1-9-620, 1-9-621, and 1-9-622 of this

title.

(67) "Public-finance transaction" means a secured transaction

in connection with which:

(A) debt securities are issued;

(B) all or a portion of the securities issued have an

initial stated maturity of at least twenty (20) years;

and

(C) the debtor, obligor, secured party, account debtor or

other person obligated on collateral, assignor or

assignee of a secured obligation, or assignor or

assignee of a security interest is a state or a

governmental unit of a state.

(68) "Public organic record" means a record that is available

to the public for inspection and that is:

(A) a record consisting of the record initially filed with

or issued by a state or the United States to form or

organize an organization and any record filed with or

issued by the state or the United States which amends

or restates the initial record;

(B) an organic record of a business trust consisting of

the record initially filed with a state and any record

filed with the state which amends or restates the

initial record, if a statute of the state governing

business trusts requires that the record be filed with

the state; or

(C) a record consisting of legislation enacted by the

Legislature of a state or the Congress of the United

States which forms or organizes an organization, any

record amending the legislation, and any record filed

with or issued by the state or United States which

amends or restates the name of the organization.

(69) "Pursuant to commitment", with respect to an advance made

or other value given by a secured party, means pursuant to the

secured party's obligation, whether or not a subsequent event of

default or other event not within the secured party's control has

relieved or may relieve the secured party from its obligation.

(70) "Record", except as used in "for record", "of record",

"record or legal title", and "record owner", means information that

is inscribed on a tangible medium or which is stored in an

electronic or other medium and is retrievable in perceivable form.

(71) "Registered organization" means an organization formed or

organized solely under the law of a single state or the United

States by the filing of a public organic record with, the issuance

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 32

of a public organic record by, or the enactment of legislation by

the state or United States. The term includes a business trust that

is formed or organized under the law of a single state if a statute

of the state governing business trusts requires that the business

trusts' organic record be filed with the state.

(72) "Secondary obligor" means an obligor to the extent that:

(A) the obligor's obligation is secondary; or

(B) the obligor has a right of recourse with respect to an

obligation secured by collateral against the debtor,

another obligor, or property of either.
state if a statute

of the state governing business trusts requires that the business

trusts' organic record be filed with the state.

(72) "Secondary obligor" means an obligor to the extent that:

(A) the obligor's obligation is secondary; or

(B) the obligor has a right of recourse with respect to an

obligation secured by collateral against the debtor,

another obligor, or property of either.

(73) "Secured party" means:

(A) a person in whose favor a security interest is created

or provided for under a security agreement, whether or

not any obligation to be secured is outstanding;

(B) a person that holds an agricultural lien;

(C) a consignor;

(D) a person to which accounts, chattel paper, payment

intangibles, or promissory notes have been sold;

(E) a trustee, indenture trustee, agent, collateral agent,

or other representative in whose favor a security

interest or agricultural lien is created or provided

for; or

(F) a person that holds a security interest arising under

Section 2-401, 2-505, paragraph (3) of Section 2-711,

paragraph (5) of Section 2A-508, 4-210, or 5-118 of

this title.

(74) "Security agreement" means an agreement that creates or

provides for a security interest.

(75) Reserved.

(76) "Software" means a computer program and any supporting

information provided in connection with a transaction relating to

the program. The term does not include a computer program that is

included in the definition of goods.

(77) "State" means a state of the United States, the District

of Columbia, Puerto Rico, the United States Virgin Islands, or any

territory or insular possession subject to the jurisdiction of the

United States.

(78) "Supporting obligation" means a letter-of-credit right or

secondary obligation that supports the payment or performance of an

account, chattel paper, a document, a general intangible, an

instrument, or investment property.

(79) Reserved.

(80) "Termination statement" means an amendment of a financing

statement which:

(A) identifies, by its file number, the initial financing

statement to which it relates; and

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 33

(B) indicates either that it is a termination statement or

that the identified financing statement is no longer

effective.

(81) "Transmitting utility" means a person primarily engaged in

the business of:

(A) operating a railroad, subway, street railway, or

trolley bus;

(B) transmitting communications electrically,

electromagnetically, or by light;

(C) transmitting goods by pipeline or sewer; or

(D) transmitting or producing and transmitting

electricity, steam, gas, or water.

(b) "Control" as provided in Section 7-106 of this title and

the following definitions in other articles of this title apply to

this article:

"Applicant" - Section 5-102 of this title.

"Beneficiary" - Section 5-102 of this title.

"Broker" - Section 8-102 of this title.

"Certificated security" - Section 8-102 of this title.

"Check" - Section 3-104 of this title.

"Clearing corporation" - Section 8-102 of this title.

"Contract for sale" - Section 2-106 of this title.

"Controllable electronic record" – Section 12-102 of this title.

"Customer" - Section 4-104 of this title.

"Entitlement holder" - Section 8-102 of this title.

"Financial asset" - Section 8-102 of this title.

"Holder in due course" - Section 3-302 of this title.

"Issuer" (with respect to a letter of credit or letter-of-credit

right)- Section 5-102 of this title.

"Issuer" – (with respect to a security) – Section 8-201 of this

title.

"Issuer" – (with respect to documents of title) – Section 7-102

of this title.

"Lease" - Section 2A-103 of this title.

"Lease agreement" - Section 2A-103 of this title.

"Lease contract" - Section 2A-103 of this title.

"Leasehold interest" - Section 2A-103 of this title.

"Lessee" - Section 2A-103 of this title.

"Lessee in ordinary course of business" - Section 2A-103 of this

title.
title.

"Issuer" – (with respect to documents of title) – Section 7-102

of this title.

"Lease" - Section 2A-103 of this title.

"Lease agreement" - Section 2A-103 of this title.

"Lease contract" - Section 2A-103 of this title.

"Leasehold interest" - Section 2A-103 of this title.

"Lessee" - Section 2A-103 of this title.

"Lessee in ordinary course of business" - Section 2A-103 of this

title.

"Lessor" - Section 2A-103 of this title.

"Lessor's residual interest" - Section 2A-103 of this title.

"Letter of credit" - Section 5-102 of this title.

"Merchant" - Section 2-104 of this title.

"Negotiable instrument" - Section 3-104 of this title.

"Nominated person" - Section 5-102 of this title.

"Note" - Section 3-104 of this title.

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 34

"Proceeds of a letter of credit" - Section 5-114 of this title.

"Protected purchaser" – Section 8-303 of this title.

"Prove" - Section 3-103 of this title.

"Qualifying purchaser" – Section 12-102 of this title.

"Sale" - Section 2-106 of this title.

"Securities account" - Section 8-501 of this title.

"Securities intermediary" - Section 8-102 of this title.

"Security" - Section 8-102 of this title.

"Security certificate" - Section 8-102 of this title.

"Security entitlement" - Section 8-102 of this title.

"Uncertificated security" - Section 8-102 of this title.

(c) Article 1 of this title contains general definitions and

principles of construction and interpretation applicable throughout

this article.