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Okla. Stat. tit. 12A, § 12A-1-9-611

This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-611, 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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Notification before disposition of collateral

Official statutory text

NOTIFICATION BEFORE DISPOSITION OF COLLATERAL

(a) In this section, "notification date" means the earlier of

the date on which:

(1) a secured party sends to the debtor and any secondary

obligor a signed notification of disposition; or

(2) the debtor and any secondary obligor waive the right to

notification.

(b) Except as otherwise provided in subsection (d) of this

section, a secured party that disposes of collateral under Section

1-9-610 of this title shall send to the persons specified in

subsection (c) of this section a reasonable signed notification of

disposition.

(c) To comply with subsection (b) of this section, the secured

party shall send a signed notification of disposition to:

(1) the debtor;

(2) any secondary obligor; and

(3) if the collateral is other than consumer goods:

(A) any other person from which the secured party has

received, before the notification date, a signed

notification of a claim of an interest in the

collateral;

(B) any other secured party or lienholder that, ten (10)

days before the notification date, held a security

interest in or other lien on the collateral perfected

by the filing of a financing statement that:

(i) identified the collateral;

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 143

(ii) was indexed under the debtor's name as of that

date; and

(iii) was filed in the office in which to file a

financing statement against the debtor covering

the collateral as of that date; and

(C) any other secured party that, ten (10) days before the

notification date, held a security interest in the

collateral perfected by compliance with a statute,

regulation, or treaty described in subsection (a) of

Section 1-9-311 of this title.

(d) Subsection (b) of this section does not apply if the

collateral is perishable or threatens to decline speedily in value

or is of a type customarily sold on a recognized market.

(e) A secured party complies with the requirement for

notification prescribed by subparagraph (B) of paragraph (3) of

subsection (c) of this section if:

(1) not later than twenty (20) days or earlier than thirty (30)

days before the notification date, the secured party requests, in a

commercially reasonable manner, information concerning financing

statements indexed under the debtor's name in the office indicated

in subparagraph (B) of paragraph (3) of subsection (c) of this

section; and

(2) before the notification date, the secured party:

(A) did not receive a response to the request for

information; or

(B) received a response to the request for information and

sent a signed notification of disposition to each

secured party or other lienholder named in that

response whose financing statement covered the

collateral.

Status: in_force · Read it on the official government site

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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.