Okla. Stat. tit. 12A, § 12A-1-9-306A

interests in chattel paper.

LAW GOVERNING PERFECTION AND PRIORITY OF SECURITY INTERESTS IN

CHATTEL PAPER

(a) Except as provided in subsection (d) of this section, if

chattel paper is evidenced only by an authoritative electronic copy

of the chattel paper or is evidenced by an authoritative electronic

copy and an authoritative tangible copy, the local law of the

chattel paper's jurisdiction governs perfection, the effect of

perfection or nonperfection, and the priority of a security interest

in the chattel paper, even if the transaction does not bear any

relation to the chattel paper's jurisdiction.

(b) The following rules determine the chattel paper's

jurisdiction under this section:

(1) If the authoritative electronic copy of the record

evidencing chattel paper, or a record attached to or logically

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 55

associated with the electronic copy and readily available for

review, expressly provides that a particular jurisdiction is the

chattel paper's jurisdiction for purposes of this part, this

article, or the Uniform Commercial Code, that jurisdiction is the

chattel paper's jurisdiction.

(2) If paragraph (1) of this subsection does not apply and the

rules of the system in which the authoritative electronic copy is

recorded are readily available for review and expressly provide that

a particular jurisdiction is the chattel paper's jurisdiction for

purposes of this part, this article, or the Uniform Commercial Code,

that jurisdiction is the chattel paper's jurisdiction.

(3) If paragraphs (1) and (2) of this subsection do not apply

and the authoritative electronic copy, or a record attached to or

logically associated with the electronic copy and readily available

for review, expressly provides that the chattel paper is governed by

the law of a particular jurisdiction, that jurisdiction is the

chattel paper's jurisdiction.

(4) If paragraphs (1), (2), and (3) of this subsection do not

apply and the rules of the system in which the authoritative

electronic copy is recorded are readily available for review and

expressly provide that the chattel paper or the system is governed

by the law of a particular jurisdiction, that jurisdiction is the

chattel paper's jurisdiction.

(5) If paragraphs (1) through (4) of this subsection do not

apply, the chattel paper's jurisdiction is the jurisdiction in which

the debtor is located.

(c) If an authoritative tangible copy of a record evidences

chattel paper and the chattel paper is not evidenced by an

authoritative electronic copy, while the authoritative tangible copy

of the record evidencing chattel paper is located in a jurisdiction,

the local law of that jurisdiction governs:

(1) perfection of a security interest in the chattel paper by

possession under Section 9-314A of this title; and

(2) the effect of perfection or nonperfection and the priority

of a security interest in the chattel paper.

(d) The local law of the jurisdiction in which the debtor is

located governs perfection of a security interest in chattel paper

by filing.