Okla. Stat. tit. 12A, § 12A-1-9-514
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-514, 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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Assignment of powers of secured party of record
Official statutory text
ASSIGNMENT OF POWERS OF SECURED PARTY OF RECORD
(a) Except as otherwise provided in subsection (c) of this
section, an initial financing statement may reflect an assignment of
all of the secured party’s power to authorize an amendment to the
financing statement by providing the name and mailing address of the
assignee as the name and address of the secured party.
(b) Except as otherwise provided in subsection (c) of this
section, a secured party of record may assign of record all or part
of its power to authorize an amendment to a financing statement by
filing in the filing office an amendment of the financing statement
which:
(1) identifies, by its file number, the initial financing
statement to which it relates;
(2) provides the name of the assignor; and
(3) provides the name and mailing address of the assignee.
(c) An assignment of record of a security interest in a fixture
covered by a record of a mortgage which is effective as a fixture
filing under subsection (c) of Section 1-9-502 of this title may be
made only by an assignment of record of the mortgage in the manner
provided by law of this state other than the Uniform Commercial
Code.
(a) Except as otherwise provided in subsection (c) of this
section, an initial financing statement may reflect an assignment of
all of the secured party’s power to authorize an amendment to the
financing statement by providing the name and mailing address of the
assignee as the name and address of the secured party.
(b) Except as otherwise provided in subsection (c) of this
section, a secured party of record may assign of record all or part
of its power to authorize an amendment to a financing statement by
filing in the filing office an amendment of the financing statement
which:
(1) identifies, by its file number, the initial financing
statement to which it relates;
(2) provides the name of the assignor; and
(3) provides the name and mailing address of the assignee.
(c) An assignment of record of a security interest in a fixture
covered by a record of a mortgage which is effective as a fixture
filing under subsection (c) of Section 1-9-502 of this title may be
made only by an assignment of record of the mortgage in the manner
provided by law of this state other than the Uniform Commercial
Code.
Status: in_force · Read it on the official government site
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