Okla. Stat. tit. 12A, § 12A-1-9-405
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-405, 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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Modification of assigned contract
Official statutory text
MODIFICATION OF ASSIGNED CONTRACT
(a) A modification of or substitution for an assigned contract
is effective against an assignee if made in good faith. The
assignee acquires corresponding rights under the modified or
substituted contract. The assignment may provide that the
modification or substitution is a breach of contract by the
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 99
assignor. This subsection is subject to subsections (b) through (d)
of this section.
(b) Subsection (a) of this section applies to the extent that:
(1) the right to payment or a part thereof under an assigned
contract has not been fully earned by performance; or
(2) the right to payment or a part thereof has been fully
earned by performance and the account debtor has not received
notification of the assignment under subsection (a) of Section 1-9-
406 of this title.
(c) 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.
(d) This section does not apply to an assignment of a health-
care-insurance receivable.
(a) A modification of or substitution for an assigned contract
is effective against an assignee if made in good faith. The
assignee acquires corresponding rights under the modified or
substituted contract. The assignment may provide that the
modification or substitution is a breach of contract by the
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 99
assignor. This subsection is subject to subsections (b) through (d)
of this section.
(b) Subsection (a) of this section applies to the extent that:
(1) the right to payment or a part thereof under an assigned
contract has not been fully earned by performance; or
(2) the right to payment or a part thereof has been fully
earned by performance and the account debtor has not received
notification of the assignment under subsection (a) of Section 1-9-
406 of this title.
(c) 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.
(d) This section does not apply to an assignment of a health-
care-insurance receivable.
Status: in_force · Read it on the official government site
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