Okla. Stat. tit. 12A, § 12A-1-9-320.4
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-320.4, 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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Protection of buyers of farm products, commission
Official statutory text
merchants and selling agents.
PROTECTION OF BUYERS OF FARM PRODUCTS,
COMMISSION MERCHANTS AND SELLING AGENTS
A buyer of farm products, commission merchant, or selling agent
who purchases or sells farm products in the ordinary course of
business from or for a person engaged in farming operations takes
subject to a security interest in the farm products if:
(a) (i) the buyer of the farm products, commission merchant,
or selling agent has failed to register with the
Oklahoma County Clerk prior to the purchase of the
farm products and the secured party has filed an
effective financing statement that covers the farm
products being sold; or
(ii) the buyer of farm products, commission merchant or
selling agent receives from the Oklahoma County Clerk
written notice as provided in paragraph (d) or (f) of
subsection (4) of Section 1-9-320.6 of this title, and
the buyer of farm products, commission merchant or
selling agent does not secure a waiver or release of
the security interest specified in an effective
financing statement from the secured party by
performing any payment obligation or otherwise; or
(b) the secured party or the seller provides written notice of
the security interest pursuant to the provisions of Section
1-9-320.7 of this title.
PROTECTION OF BUYERS OF FARM PRODUCTS,
COMMISSION MERCHANTS AND SELLING AGENTS
A buyer of farm products, commission merchant, or selling agent
who purchases or sells farm products in the ordinary course of
business from or for a person engaged in farming operations takes
subject to a security interest in the farm products if:
(a) (i) the buyer of the farm products, commission merchant,
or selling agent has failed to register with the
Oklahoma County Clerk prior to the purchase of the
farm products and the secured party has filed an
effective financing statement that covers the farm
products being sold; or
(ii) the buyer of farm products, commission merchant or
selling agent receives from the Oklahoma County Clerk
written notice as provided in paragraph (d) or (f) of
subsection (4) of Section 1-9-320.6 of this title, and
the buyer of farm products, commission merchant or
selling agent does not secure a waiver or release of
the security interest specified in an effective
financing statement from the secured party by
performing any payment obligation or otherwise; or
(b) the secured party or the seller provides written notice of
the security interest pursuant to the provisions of Section
1-9-320.7 of this title.
Status: in_force · Read it on the official government site
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