Okla. Stat. tit. 12A, § 12A-1-9-201
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-201, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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General effectiveness of security agreement
Official statutory text
GENERAL EFFECTIVENESS OF SECURITY AGREEMENT
(a) Except as otherwise provided in this title, a security
agreement is effective according to its terms between the parties,
against purchasers of the collateral, and against creditors.
(b) A transaction subject to this article is subject to any
applicable rule of law which establishes a different rule for
consumers, and any other statute or regulation that regulates the
rates, charges, agreements and practices for loans, credit sales or
other extensions of credit.
(c) In case of conflict between this article and a rule of law,
statute, or regulation described in subsection (b) of this section,
the rule of law, statute, or regulation controls. Failure to comply
with a statute or regulation described in subsection (b) of this
section has only the effect the statute or regulation specifies.
(d) This article does not:
(1) validate any rate, charge, agreement, or practice that
violates a rule of law, statute, or regulation described in
subsection (b) of this section; or
(2) extend the application of the rule of law, statute, or
regulation to a transaction not otherwise subject to it.
(a) Except as otherwise provided in this title, a security
agreement is effective according to its terms between the parties,
against purchasers of the collateral, and against creditors.
(b) A transaction subject to this article is subject to any
applicable rule of law which establishes a different rule for
consumers, and any other statute or regulation that regulates the
rates, charges, agreements and practices for loans, credit sales or
other extensions of credit.
(c) In case of conflict between this article and a rule of law,
statute, or regulation described in subsection (b) of this section,
the rule of law, statute, or regulation controls. Failure to comply
with a statute or regulation described in subsection (b) of this
section has only the effect the statute or regulation specifies.
(d) This article does not:
(1) validate any rate, charge, agreement, or practice that
violates a rule of law, statute, or regulation described in
subsection (b) of this section; or
(2) extend the application of the rule of law, statute, or
regulation to a transaction not otherwise subject to it.
Status: in_force · Read it on the official government site
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