Internal prototype — noindexed, not linked from public navigation yet.

Okla. Stat. tit. 12A, § 12A-1-9-604

This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-604, 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.

Procedure if security agreement covers real property

Official statutory text

or fixtures.

PROCEDURE IF SECURITY AGREEMENT

COVERS REAL PROPERTY OR FIXTURES

(a) If a security agreement covers both personal and real

property, a secured party may proceed:

(1) under this part as to the personal property without

prejudicing any rights with respect to the real property; or

(2) as to both the personal property and the real property in

accordance with the rights with respect to the real property, in

which case the other provisions of this part do not apply.

(b) Subject to subsection (c) of this section, if a security

agreement covers goods that are or become fixtures, a secured party

may proceed:

(1) under this part; or

(2) in accordance with the rights with respect to real

property, in which case the other provisions of this part do not

apply.

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 138

(c) Subject to the other provisions of this part, if a secured

party holding a security interest in fixtures has priority over all

owners and encumbrances of the real property, the secured party,

after default, may remove the collateral from the real property.

(d) A secured party that removes collateral shall promptly

reimburse any encumbrancer or owner of the real property, other than

the debtor, for the cost of repair of any physical injury caused by

the removal. The secured party need not reimburse the encumbrancer

or owner for any diminution in value of the real property caused by

the absence of the goods removed or by any necessity of replacing

them. A person entitled to reimbursement may refuse permission to

remove until the secured party gives adequate assurance for the

performance of the obligation to reimburse.

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.