Okla. Stat. tit. 12A, § 12A-1-9-322

and agricultural liens on same collateral.

PRIORITIES AMONG CONFLICTING SECURITY INTERESTS

IN AND AGRICULTURAL LIENS ON SAME COLLATERAL

(a) Except as otherwise provided in this section, priority

among conflicting security interests and agricultural liens in the

same collateral is determined according to the following rules:

(1) Conflicting perfected security interests and agricultural

liens rank according to priority in time of filing or perfection.

Priority dates from the earlier of the time a filing covering the

collateral is first made or the security interest or agricultural

lien is first perfected, if there is no period thereafter when there

is neither filing nor perfection;

(2) A perfected security interest or agricultural lien has

priority over a conflicting unperfected security interest or

agricultural lien; and

(3) The first security interest or agricultural lien to attach

or become effective has priority if conflicting security interests

and agricultural liens are unperfected.

(b) For the purposes of paragraph (1) of subsection (a) of this

section:

(1) The time of filing or perfection as to a security interest

in collateral is also the time of filing or perfection as to a

security interest in proceeds; and

(2) The time of filing or perfection as to a security interest

in collateral supported by a supporting obligation is also the time

of filing or perfection as to a security interest in the supporting

obligation.

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

section, a security interest in collateral which qualifies for

priority over a conflicting security interest under Sections 1-9-

327, 1-9-328, 1-9-329, 1-9-330, or 1-9-331 of this title also has

priority over a conflicting security interest in:

(1) Any supporting obligation for the collateral; and

(2) Proceeds of the collateral if:

(A) the security interest in proceeds is perfected;

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 82

(B) the proceeds are cash proceeds or of the same type as

the collateral; and

(C) in the case of proceeds that are proceeds of proceeds,

all intervening proceeds are cash proceeds, proceeds

of the same type as the collateral, or an account

relating to the collateral.

(d) Subject to subsection (e) of this section and except as

otherwise provided in subsection (f) of this section, if a security

interest in chattel paper, deposit accounts, negotiable documents,

instruments, investment property, or letter-of-credit rights is

perfected by a method other than filing, conflicting perfected

security interests in proceeds of the collateral rank according to

priority in time of filing.

(e) Subsection (d) of this section applies only if the proceeds

of the collateral are not cash proceeds, chattel paper, negotiable

documents, instruments, investment property, or letter-of-credit

rights.

(f) Subsections (a) through (e) of this section are subject to:

(1) subsection (g) of this section and the other provisions of

this part;

(2) Section 4-210 of this title with respect to a security

interest of a collecting bank;

(3) Section 5-118 of this title with respect to a security

interest of an issuer or nominated person; and

(4) Section 1-9-110 of this title with respect to a security

interest arising under Article 2 or 2A of this title.

(g) A perfected agricultural lien on collateral has priority

over a conflicting security interest in or agricultural lien on the

same collateral if the statute creating the agricultural lien so

provides.