Okla. Stat. tit. 12A, § 12A-1-9-325
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-325, 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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Priority of security interests in transferred
Official statutory text
collateral.
PRIORITY OF SECURITY INTERESTS IN TRANSFERRED COLLATERAL
(a) Except as otherwise provided in subsection (b) of this
section, a security interest created by a debtor is subordinate to a
security interest in the same collateral created by another person
if:
(1) the debtor acquired the collateral subject to the security
interest created by the other person;
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 86
(2) the security interest created by the other person was
perfected when the debtor acquired the collateral; and
(3) there is no period thereafter when the security interest is
unperfected.
(b) Subsection (a) of this section subordinates a security
interest only if the security interest:
(1) otherwise would have priority solely under subsection (a)
of Section 1-9-322 or Section 1-9-324 of this title; or
(2) arose solely under paragraph (3) of Section 2-711 or
paragraph (5) of Section 2A-508 of this title.
PRIORITY OF SECURITY INTERESTS IN TRANSFERRED COLLATERAL
(a) Except as otherwise provided in subsection (b) of this
section, a security interest created by a debtor is subordinate to a
security interest in the same collateral created by another person
if:
(1) the debtor acquired the collateral subject to the security
interest created by the other person;
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 86
(2) the security interest created by the other person was
perfected when the debtor acquired the collateral; and
(3) there is no period thereafter when the security interest is
unperfected.
(b) Subsection (a) of this section subordinates a security
interest only if the security interest:
(1) otherwise would have priority solely under subsection (a)
of Section 1-9-322 or Section 1-9-324 of this title; or
(2) arose solely under paragraph (3) of Section 2-711 or
paragraph (5) of Section 2A-508 of this title.
Status: in_force · Read it on the official government site
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