Okla. Stat. tit. 12A, § 12A-1-9-338
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-338, 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.
Priority of security interest or agricultural lien
Official statutory text
perfected by filed financing statement providing certain incorrect
information.
PRIORITY OF SECURITY INTEREST OR
AGRICULTURAL LIEN PERFECTED BY FILED FINANCING
STATEMENT PROVIDING CERTAIN INCORRECT INFORMATION
If a security interest or agricultural lien is perfected by a
filed financing statement providing information described in
paragraph (5) of subsection (b) of Section 1-9-516 of this title
which is incorrect at the time the financing statement is filed:
(1) the security interest or agricultural lien is subordinate
to a conflicting perfected security interest in the collateral to
the extent that the holder of the conflicting security interest
gives value in reasonable reliance upon the incorrect information;
and
(2) a purchaser, other than a secured party, of the collateral
takes free of the security interest or agricultural lien to the
extent that, in reasonable reliance upon the incorrect information,
the purchaser gives value and, in the case of tangible chattel
paper, tangible documents, goods, instruments, or a security
certificate, receives delivery of the collateral.
information.
PRIORITY OF SECURITY INTEREST OR
AGRICULTURAL LIEN PERFECTED BY FILED FINANCING
STATEMENT PROVIDING CERTAIN INCORRECT INFORMATION
If a security interest or agricultural lien is perfected by a
filed financing statement providing information described in
paragraph (5) of subsection (b) of Section 1-9-516 of this title
which is incorrect at the time the financing statement is filed:
(1) the security interest or agricultural lien is subordinate
to a conflicting perfected security interest in the collateral to
the extent that the holder of the conflicting security interest
gives value in reasonable reliance upon the incorrect information;
and
(2) a purchaser, other than a secured party, of the collateral
takes free of the security interest or agricultural lien to the
extent that, in reasonable reliance upon the incorrect information,
the purchaser gives value and, in the case of tangible chattel
paper, tangible documents, goods, instruments, or a security
certificate, receives delivery of the collateral.
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.