Okla. Stat. tit. 12A, § 12A-1-9-704
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-704, 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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Security interest unperfected before effective date
Official statutory text
SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE
A security interest that is enforceable immediately before this
act takes effect but which would be subordinate to the rights of a
person that becomes a lien creditor at that time:
(1) remains an enforceable security interest for one (1) year
after this act takes effect;
(2) remains enforceable thereafter if the security interest
becomes enforceable under Section 1-9-203 of this title when this
act takes effect or within one (1) year thereafter; and
(3) becomes perfected:
(A) without further action, when this act takes effect if
the applicable requirements for perfection under this
act are satisfied before or at that time; or
(B) when the applicable requirements for perfection are
satisfied if the requirements are satisfied after that
time.
A security interest that is enforceable immediately before this
act takes effect but which would be subordinate to the rights of a
person that becomes a lien creditor at that time:
(1) remains an enforceable security interest for one (1) year
after this act takes effect;
(2) remains enforceable thereafter if the security interest
becomes enforceable under Section 1-9-203 of this title when this
act takes effect or within one (1) year thereafter; and
(3) becomes perfected:
(A) without further action, when this act takes effect if
the applicable requirements for perfection under this
act are satisfied before or at that time; or
(B) when the applicable requirements for perfection are
satisfied if the requirements are satisfied after that
time.
Status: in_force · Read it on the official government site
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