Okla. Stat. tit. 12A, § 12A-2A-305

This is the official text of Okla. Stat. tit. 12A, § 12A-2A-305, 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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Sale or sublease of goods by lessee

Official statutory text

SALE OR SUBLEASE OF GOODS BY LESSEE

(1) Subject to the provisions of Section 33 of this act, a

buyer or sublessee from the lessee of goods under an existing lease

contract obtains, to the extent of the interest transferred, the

leasehold interest in the goods that the lessee had or had power to

transfer, and except as provided in subsection (2) of this section

and subsection (4) of Section 58 of this act, takes subject to the

existing lease contract. A lessee with a voidable leasehold

interest has power to transfer a good leasehold interest to a good

faith buyer for value or a good faith sublessee for value, but only

to the extent provided for a buyer or sublessee from the lessee of

goods under an existing lease contract. When goods have been

delivered under a transaction of lease the lessee has that power

even though:

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 252

(a) the lessor was deceived as to the identity of

the lessee;

(b) the delivery was in exchange for a check which

is later dishonored; or

(c) the delivery was procured through fraud

punishable as larcenous under the criminal law.

(2) A buyer in the ordinary course of business or a sublessee

in the ordinary course of business from a lessee who is a merchant

dealing in goods of that kind to whom the goods were entrusted by

the lessor obtains, to the extent of the interest transferred, all

of the lessor's and lessee's rights to the goods, and takes free of

the existing lease contract.

(3) A buyer or sublessee from the lessee of goods that are

subject to an existing lease contract and are covered by a

certificate of title issued under a statute of this state or of

another jurisdiction takes no greater rights than those provided

both by this section and by the certificate of title statute.

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.