Okla. Stat. tit. 12A, § 12A-2-107
This is the official text of Okla. Stat. tit. 12A, § 12A-2-107, 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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Goods to be Severed from Realty: Recording
Official statutory text
Goods to be Severed from Realty: Recording. - (1) A contract for
the sale of minerals or the like, including oil and gas, or a
structure or its materials to be removed from realty is a contract
for the sale of goods within this article if they are to be severed
by the seller, but until severance, a purported present sale thereof
which is not effective as a transfer of an interest in land is
effective only as a contract to sell.
(2) A contract for the sale, apart from the land of growing crops
or other things attached to realty and capable of severance without
material harm thereto, but not described in subsection (1) of this
section or of timber to be cut is a contract for the sale of goods
within this article whether the subject matter is to be severed by
the buyer or by the seller even though it forms part of the realty
at the time of contracting, and the parties can by identification
effect a present sale before severance.
(3) The provisions of this section are subject to any third party
rights provided by the law relating to realty records, and the
contract for sale may be executed and recorded as a document
transferring an interest in land and shall then constitute notice to
third parties of the buyer's rights under the contract for sale.
the sale of minerals or the like, including oil and gas, or a
structure or its materials to be removed from realty is a contract
for the sale of goods within this article if they are to be severed
by the seller, but until severance, a purported present sale thereof
which is not effective as a transfer of an interest in land is
effective only as a contract to sell.
(2) A contract for the sale, apart from the land of growing crops
or other things attached to realty and capable of severance without
material harm thereto, but not described in subsection (1) of this
section or of timber to be cut is a contract for the sale of goods
within this article whether the subject matter is to be severed by
the buyer or by the seller even though it forms part of the realty
at the time of contracting, and the parties can by identification
effect a present sale before severance.
(3) The provisions of this section are subject to any third party
rights provided by the law relating to realty records, and the
contract for sale may be executed and recorded as a document
transferring an interest in land and shall then constitute notice to
third parties of the buyer's rights under the contract for sale.
Status: in_force · Read it on the official government site
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