Okla. Stat. tit. 12A, § 12A-1-9-336
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-336, 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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Commingled goods
Official statutory text
COMMINGLED GOODS
(a) In this section, “commingled goods” means goods that are
physically united with other goods in such a manner that their
identity is lost in a product or mass.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 94
(b) A security interest does not exist in commingled goods as
such. However, a security interest may attach to a product or mass
that results when goods become commingled goods.
(c) If collateral becomes commingled goods, a security interest
attaches to the product or mass.
(d) If a security interest in collateral is perfected before
the collateral becomes commingled goods, the security interest that
attaches to the product or mass under subsection (c) of this section
is perfected.
(e) Except as otherwise provided in subsection (f) of this
section, the other provisions of this part determine the priority of
a security interest that attaches to the product or mass under
subsection (c) of this section.
(f) If more than one security interest attaches to the product
or mass under subsection (c) of this section, the following rules
determine priority:
(1) A security interest that is perfected under subsection (d)
of this section has priority over a security interest that is
unperfected at the time the collateral becomes commingled goods.
(2) If more than one security interest is perfected under
subsection (d) of this section, the security interests rank equally
in proportion to value of the collateral at the time it became
commingled goods.
(a) In this section, “commingled goods” means goods that are
physically united with other goods in such a manner that their
identity is lost in a product or mass.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 94
(b) A security interest does not exist in commingled goods as
such. However, a security interest may attach to a product or mass
that results when goods become commingled goods.
(c) If collateral becomes commingled goods, a security interest
attaches to the product or mass.
(d) If a security interest in collateral is perfected before
the collateral becomes commingled goods, the security interest that
attaches to the product or mass under subsection (c) of this section
is perfected.
(e) Except as otherwise provided in subsection (f) of this
section, the other provisions of this part determine the priority of
a security interest that attaches to the product or mass under
subsection (c) of this section.
(f) If more than one security interest attaches to the product
or mass under subsection (c) of this section, the following rules
determine priority:
(1) A security interest that is perfected under subsection (d)
of this section has priority over a security interest that is
unperfected at the time the collateral becomes commingled goods.
(2) If more than one security interest is perfected under
subsection (d) of this section, the security interests rank equally
in proportion to value of the collateral at the time it became
commingled goods.
Status: in_force · Read it on the official government site
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