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Okla. Stat. tit. 12A, § 12A-1-9-317

This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-317, 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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Interests that take priority over or take free of

Official statutory text

security interest or agricultural lien.

INTERESTS THAT TAKE PRIORITY OVER OR TAKE FREE

OF SECURITY INTEREST OR AGRICULTURAL LIEN

(a) A security interest or agricultural lien is subordinate to

the rights of:

(1) a person entitled to priority under Section 1-9-322 of this

title; and

(2) except as otherwise provided in subsection (e) of this

section, a person that becomes a lien creditor before the earlier of

the time:

(A) the security interest or agricultural lien is

perfected; or

(B) one of the conditions specified in paragraph (3) of

subsection (b) of Section 1-9-203 of this title is met

and a financing statement covering the collateral is

filed.

(b) Except as otherwise provided in subsection (e) of this

section, a buyer, other than a secured party, of goods, instruments,

tangible documents, or a certificated security takes free of a

security interest or agricultural lien if the buyer gives value and

receives delivery of the collateral without knowledge of the

security interest or agricultural lien and before it is perfected.

(c) Except as otherwise provided in subsection (e) of this

section, a lessee of goods takes free of a security interest or

agricultural lien if the lessee gives value and receives delivery of

the collateral without knowledge of the security interest or

agricultural lien and before it is perfected.

(d) Subject to subsections (f) through (i) of this section, a

licensee of a general intangible or a buyer, other than a secured

party, of collateral other than goods, instruments, tangible

documents, or a certificated security takes free of a security

interest if the licensee or buyer gives value without knowledge of

the security interest and before it is perfected.

(e) Except as otherwise provided in Sections 1-9-320 and 1-9-

321 of this title, if a person files a financing statement with

respect to a purchase-money security interest before or within

twenty (20) days after the debtor receives delivery of the

collateral, the security interest takes priority over the rights of

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 70

a buyer, lessee, or lien creditor which arise between the time the

security interest attaches and the time of filing.

(f) A buyer, other than a secured party, of chattel paper takes

free of a security interest if, without knowledge of the security

interest and before it is perfected, the buyer gives value and:

(1) receives delivery of each authoritative tangible copy of

the record evidencing the chattel paper; and

(2) if each authoritative electronic copy of the record

evidencing the chattel paper can be subjected to control under

Section 1-9-105 of this title, obtains control of each authoritative

electronic copy.

(g) A buyer of an electronic document takes free of a security

interest if, without knowledge of the security interest and before

it is perfected, the buyer gives value and, if each authoritative

electronic copy of the document can be subjected to control under

Section 7-106 of this title, obtains control of each authoritative

electronic copy.

(h) A buyer of a controllable electronic record takes free of a

security interest if, without knowledge of the security interest and

before it is perfected, the buyer gives value and obtains control of

the controllable electronic record.

(i) A buyer, other than a secured party, of a controllable

account or a controllable payment intangible takes free of a

security interest if, without knowledge of the security interest and

before it is perfected, the buyer gives value and obtains control of

the controllable account or controllable payment intangible.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.