Okla. Stat. tit. 12A, § 12A-2A-209
This is the official text of Okla. Stat. tit. 12A, § 12A-2A-209, 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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Lessee Under Finance Lease as Beneficiary of Supply
Official statutory text
Contract.
LESSEE UNDER FINANCE LEASE AS BENEFICIARY OF SUPPLY CONTRACT
(1) The benefit of the supplier's promises to the lessor under
the supply contract and of all warranties, whether express or
implied, including those of any third party provided in connection
with or as part of the supply contract, extends to the lessee to the
extent of the lessee's leasehold interest under a finance lease
related to the supply contract, but is subject to the terms of the
warranty and of the supply contract and all defenses or claims
arising therefrom.
(2) The extension of the benefit of a supplier's promises and
of warranties to the lessee (subsection (1) of this section) does
not:
(i) modify the rights and obligations of the parties to
the supply contract, whether arising therefrom or
otherwise, or
(ii) impose any duty or liability under the supply contract
on the lessee.
(3) Any modification or rescission of the supply contract by
the supplier and the lessor is effective between the supplier and
the lessee unless, before the modification or rescission, the
supplier has received notice that the lessee has entered into a
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 243
finance lease related to the supply contract. If the modification
or rescission is effective between the supplier and the lessee, the
lessor is deemed to have assumed, in addition to the obligations of
the lessor to the lessee under the lease contract, promises of the
supplier to the lessor and warranties that were so modified or
rescinded as they existed and were available to the lessee before
modification or rescission.
(4) In addition to the extension of the benefit of the
supplier's promises and of warranties to the lessee under subsection
(1) of this section, the lessee retains all rights that the lessee
may have against the supplier which arise from an agreement between
the lessee and the supplier or under other law.
LESSEE UNDER FINANCE LEASE AS BENEFICIARY OF SUPPLY CONTRACT
(1) The benefit of the supplier's promises to the lessor under
the supply contract and of all warranties, whether express or
implied, including those of any third party provided in connection
with or as part of the supply contract, extends to the lessee to the
extent of the lessee's leasehold interest under a finance lease
related to the supply contract, but is subject to the terms of the
warranty and of the supply contract and all defenses or claims
arising therefrom.
(2) The extension of the benefit of a supplier's promises and
of warranties to the lessee (subsection (1) of this section) does
not:
(i) modify the rights and obligations of the parties to
the supply contract, whether arising therefrom or
otherwise, or
(ii) impose any duty or liability under the supply contract
on the lessee.
(3) Any modification or rescission of the supply contract by
the supplier and the lessor is effective between the supplier and
the lessee unless, before the modification or rescission, the
supplier has received notice that the lessee has entered into a
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 243
finance lease related to the supply contract. If the modification
or rescission is effective between the supplier and the lessee, the
lessor is deemed to have assumed, in addition to the obligations of
the lessor to the lessee under the lease contract, promises of the
supplier to the lessor and warranties that were so modified or
rescinded as they existed and were available to the lessee before
modification or rescission.
(4) In addition to the extension of the benefit of the
supplier's promises and of warranties to the lessee under subsection
(1) of this section, the lessee retains all rights that the lessee
may have against the supplier which arise from an agreement between
the lessee and the supplier or under other law.
Status: in_force · Read it on the official government site
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