Okla. Stat. tit. 12A, § 12A-1-9-507
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-507, 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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Effect of certain events on effectiveness of
Official statutory text
financing statement.
EFFECT OF CERTAIN EVENTS ON
EFFECTIVENESS OF FINANCING STATEMENT
(a) A filed financing statement remains effective with respect
to collateral that is sold, exchanged, leased, licensed, or
otherwise disposed of and in which a security interest or
agricultural lien continues, even if the secured party knows of or
consents to the disposition.
(b) Except as otherwise provided in subsection (c) of this
section and Section 1-9-508 of this title, a financing statement is
not rendered ineffective if, after the financing statement is filed,
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 111
the information provided in the financing statement becomes
seriously misleading under Section 1-9-506 of this title.
(c) If the name that a filed financing statement provides for a
debtor becomes insufficient as the name of the debtor under
subsection (a) of Section 1-9-503 of this title so that the
financing statement becomes seriously misleading under Section 1-9-
506 of this title:
(1) the financing statement is effective to perfect a security
interest in collateral acquired by the debtor before, or within four
(4) months after, the filed financing statement becomes seriously
misleading; and
(2) the financing statement is not effective to perfect a
security interest in collateral acquired by the debtor more than
four (4) months after the filed financing statement becomes
seriously misleading, unless an amendment to the financing statement
which renders the financing statement not seriously misleading is
filed within four (4) months after that event.
EFFECT OF CERTAIN EVENTS ON
EFFECTIVENESS OF FINANCING STATEMENT
(a) A filed financing statement remains effective with respect
to collateral that is sold, exchanged, leased, licensed, or
otherwise disposed of and in which a security interest or
agricultural lien continues, even if the secured party knows of or
consents to the disposition.
(b) Except as otherwise provided in subsection (c) of this
section and Section 1-9-508 of this title, a financing statement is
not rendered ineffective if, after the financing statement is filed,
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 111
the information provided in the financing statement becomes
seriously misleading under Section 1-9-506 of this title.
(c) If the name that a filed financing statement provides for a
debtor becomes insufficient as the name of the debtor under
subsection (a) of Section 1-9-503 of this title so that the
financing statement becomes seriously misleading under Section 1-9-
506 of this title:
(1) the financing statement is effective to perfect a security
interest in collateral acquired by the debtor before, or within four
(4) months after, the filed financing statement becomes seriously
misleading; and
(2) the financing statement is not effective to perfect a
security interest in collateral acquired by the debtor more than
four (4) months after the filed financing statement becomes
seriously misleading, unless an amendment to the financing statement
which renders the financing statement not seriously misleading is
filed within four (4) months after that event.
Status: in_force · Read it on the official government site
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