Okla. Stat. tit. 12A, § 12A-2A-102

This is the official text of Okla. Stat. tit. 12A, § 12A-2A-102, 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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Scope

Official statutory text

SCOPE

(1) This article applies to any transaction, regardless of

form, that creates a lease and, in the case of a hybrid lease, it

applies to the extent provided in paragraph (2) of this section.

(2) In a hybrid lease:

(a) if the lease-of-goods aspects do not predominate:

(i) only the provisions of this article which relate

primarily to the lease-of-goods aspects of the

transaction apply, and the provisions that relate

primarily to the transaction as a whole do not

apply;

(ii) Section 2A-209 of this title applies if the lease

is a finance lease; and

(iii) Section 2A-407 of this title applies to the

promises of the lessee in a finance lease to the

extent the promises are consideration for the

right to possession and use of the leased goods;

and

(b) if the lease-of-goods aspects predominate, this

article applies to the transaction, but does not

preclude application, in appropriate circumstances, of

other law to aspects of the lease which do not relate

to the lease of goods.

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.