Okla. Stat. tit. 12A, § 12A-1-9-323

This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-323, 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.

Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.

Future advances

Official statutory text

FUTURE ADVANCES

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

section, for purposes of determining the priority of a perfected

security interest under paragraph (1) of subsection (a) of Section

1-9-322 of this title, perfection of the security interest dates

from the time an advance is made to the extent that the security

interest secures an advance that:

(1) is made while the security interest is perfected only:

(A) under Section 1-9-309 of this title when it attaches;

or

(B) temporarily under subsection (e), (f), or (g) of

Section 1-9-312 of this title; and

(2) is not made pursuant to a commitment entered into before or

while the security interest is perfected by a method other than

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 83

under Section 1-9-309 or subsection (e), (f), or (g) of Section 1-9-

312 of this title.

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

section, a security interest is subordinate to the rights of a

person that becomes a lien creditor to the extent that the security

interest secures an advance made more than forty-five (45) days

after the person becomes a lien creditor unless the advance is made:

(1) without knowledge of the lien; or

(2) pursuant to a commitment entered into without knowledge of

the lien.

(c) Subsections (a) and (b) of this section do not apply to a

security interest held by a secured party that is a buyer of

accounts, chattel paper, payment intangibles, or promissory notes or

a consignor.

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

section, a buyer of goods takes free of a security interest to the

extent that it secures advances made after the earlier of:

(1) the time the secured party acquires knowledge of the

buyer's purchase; or

(2) forty-five (45) days after the purchase.

(e) Subsection (d) of this section does not apply if the

advance is made pursuant to a commitment entered into without

knowledge of the buyer's purchase and before the expiration of the

forty-five-day period.

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

section, a lessee of goods takes the leasehold interest free of a

security interest to the extent that it secures advances made after

the earlier of:

(1) the time the secured party acquires knowledge of the lease;

or

(2) Forty-five (45) days after the lease contract becomes

enforceable.

(g) Subsection (f) of this section does not apply if the

advance is made pursuant to a commitment entered into without

knowledge of the lease and before the expiration of the forty-five-

day period.

Status: in_force · Read it on the official government site

Need a lawyer in Oklahoma?

Find a Oklahoma lawyer
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.