Okla. Stat. tit. 12A, § 12A-1-9-331
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-331, 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 rights of purchasers of controllable
Official statutory text
accounts, controllable electronic records, controllable payment
intangibles, documents, instruments, and securities under other
articles; priority of interests in financial assets and security
entitlements and protection against assertion of claims under
Articles 8 and 12.
PRIORITY OF RIGHTS OF PURCHASERS OF CONTROLLABLE ACCOUNTS,
CONTROLLABLE ELECTRONIC RECORDS, CONTROLLABLE PAYMENT INTANGIBLES,
DOCUMENTS, INSTRUMENTS, AND SECURITIES UNDER OTHER ARTICLES;
PRIORITY OF INTERESTS IN FINANCIAL ASSETS AND SECURITY ENTITLEMENTS
AND PROTECTION AGAINST ASSERTION OF CLAIM UNDER ARTICLES 8 AND 12
(a) This article does not limit the rights of a holder in due
course of a negotiable instrument, a holder to which a negotiable
document of title has been duly negotiated, a protected purchaser of
a security, or a qualifying purchaser of a controllable account,
controllable electronic record, or controllable payment intangible.
These holders or purchasers take priority over an earlier security
interest, even if perfected, to the extent provided in Articles 3,
7, 8, and 12 of this title.
(b) This article does not limit the rights of or impose
liability on a person to the extent that the person is protected
against the assertion of a claim under Article 8 or 12 of this
title.
(c) Filing under this article does not constitute notice of a
claim or defense to the holders, or purchasers, or persons described
in subsections (a) and (b) of this section.
intangibles, documents, instruments, and securities under other
articles; priority of interests in financial assets and security
entitlements and protection against assertion of claims under
Articles 8 and 12.
PRIORITY OF RIGHTS OF PURCHASERS OF CONTROLLABLE ACCOUNTS,
CONTROLLABLE ELECTRONIC RECORDS, CONTROLLABLE PAYMENT INTANGIBLES,
DOCUMENTS, INSTRUMENTS, AND SECURITIES UNDER OTHER ARTICLES;
PRIORITY OF INTERESTS IN FINANCIAL ASSETS AND SECURITY ENTITLEMENTS
AND PROTECTION AGAINST ASSERTION OF CLAIM UNDER ARTICLES 8 AND 12
(a) This article does not limit the rights of a holder in due
course of a negotiable instrument, a holder to which a negotiable
document of title has been duly negotiated, a protected purchaser of
a security, or a qualifying purchaser of a controllable account,
controllable electronic record, or controllable payment intangible.
These holders or purchasers take priority over an earlier security
interest, even if perfected, to the extent provided in Articles 3,
7, 8, and 12 of this title.
(b) This article does not limit the rights of or impose
liability on a person to the extent that the person is protected
against the assertion of a claim under Article 8 or 12 of this
title.
(c) Filing under this article does not constitute notice of a
claim or defense to the holders, or purchasers, or persons described
in subsections (a) and (b) of this section.
Status: in_force · Read it on the official government site
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