Okla. Stat. tit. 12A, § 12A-1-9-403
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-403, 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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Agreement not to assert defenses against assignee
Official statutory text
AGREEMENT NOT TO ASSERT DEFENSES AGAINST ASSIGNEE
(a) In this section, “value” has the meaning provided in
subsection (a) of Section 3-303 of this title.
(b) Except as otherwise provided in this section, an agreement
between an account debtor and an assignor not to assert against an
assignee any claim or defense that the account debtor may have
against the assignor is enforceable by an assignee that takes an
assignment:
(1) for value;
(2) in good faith;
(3) without notice of a claim of a property or possessory right
to the property assigned; and
(4) without notice of a defense or claim in recoupment of the
type that may be asserted against a person entitled to enforce a
negotiable instrument under subsection (a) Section 3-305 of this
title.
(c) Subsection (b) of this section does not apply to defenses
of a type that may be asserted against a holder in due course of a
negotiable instrument under subsection (b) of Section 3-305 of this
title.
(d) In a consumer transaction, if a record evidences the
account debtor’s obligation, law other than this article requires
that the record include a statement to the effect that the rights of
an assignee are subject to claims or defenses that the account
debtor could assert against the original obligee, and the record
does not include such a statement:
(1) the record has the same effect as if the record included
such a statement; and
(2) the account debtor may assert against an assignee those
claims and defenses that would have been available if the record
included such a statement.
(e) This section is subject to law other than this article
which establishes a different rule for an account debtor who is an
individual and who incurred the obligation primarily for personal,
family, or household purposes.
(f) Except as otherwise provided in subsection (d) of this
section, this section does not displace law other than this article
which gives effect to an agreement by an account debtor not to
assert a claim or defense against an assignee.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 98
(a) In this section, “value” has the meaning provided in
subsection (a) of Section 3-303 of this title.
(b) Except as otherwise provided in this section, an agreement
between an account debtor and an assignor not to assert against an
assignee any claim or defense that the account debtor may have
against the assignor is enforceable by an assignee that takes an
assignment:
(1) for value;
(2) in good faith;
(3) without notice of a claim of a property or possessory right
to the property assigned; and
(4) without notice of a defense or claim in recoupment of the
type that may be asserted against a person entitled to enforce a
negotiable instrument under subsection (a) Section 3-305 of this
title.
(c) Subsection (b) of this section does not apply to defenses
of a type that may be asserted against a holder in due course of a
negotiable instrument under subsection (b) of Section 3-305 of this
title.
(d) In a consumer transaction, if a record evidences the
account debtor’s obligation, law other than this article requires
that the record include a statement to the effect that the rights of
an assignee are subject to claims or defenses that the account
debtor could assert against the original obligee, and the record
does not include such a statement:
(1) the record has the same effect as if the record included
such a statement; and
(2) the account debtor may assert against an assignee those
claims and defenses that would have been available if the record
included such a statement.
(e) This section is subject to law other than this article
which establishes a different rule for an account debtor who is an
individual and who incurred the obligation primarily for personal,
family, or household purposes.
(f) Except as otherwise provided in subsection (d) of this
section, this section does not displace law other than this article
which gives effect to an agreement by an account debtor not to
assert a claim or defense against an assignee.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 98
Status: in_force · Read it on the official government site
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