Okla. Stat. tit. 12A, § 12A-7-209
This is the official text of Okla. Stat. tit. 12A, § 12A-7-209, 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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Lien of Warehouse
Official statutory text
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 404
Lien of Warehouse.
(a) A warehouse has a lien against the bailor on the goods
covered by a warehouse receipt or storage agreement or on the
proceeds thereof in its possession for charges for storage or
transportation, including demurrage and terminal charges, insurance,
labor, or other charges, present or future, in relation to the
goods, and for expenses necessary for preservation of the goods or
reasonably incurred in their sale pursuant to law. If the person on
whose account the goods are held is liable for similar charges or
expenses in relation to other goods whenever deposited and it is
stated in the warehouse receipt or storage agreement that a lien is
claimed for charges and expenses in relation to other goods, the
warehouse also has a lien against the goods covered by the warehouse
receipt or storage agreement or on the proceeds thereof in its
possession for those charges and expenses, whether or not the goods
have been delivered by the warehouse. However, as against a person
to which a negotiable warehouse receipt is duly negotiated, a
warehouse’s lien is limited to charges in an amount or at a rate
specified in the warehouse receipt or, if no charges are so
specified, to a reasonable charge for storage of the specific goods
covered by the receipt subsequent to the date of the receipt.
(b) A warehouse may also reserve a security interest against
the bailor for the maximum amount specified on the receipt for
charges other than those specified in subsection (a) of this
section, such as for money advanced and interest. The security
interest is governed by Article 9 of the Uniform Commercial Code.
(c) A warehouse’s lien for charges and expenses under
subsection (a) of this section or a security interest under
subsection (b) of this section is also effective against any person
that so entrusted the bailor with possession of the goods that a
pledge of them by the bailor to a good faith purchaser for value
would have been valid. However, the lien or security interest is
not effective against a person that before issuance of a document of
title had a legal interest or a perfected security interest in the
goods and that did not:
(1) deliver or entrust the goods or any document of title
covering the goods to the bailor or the bailor’s nominee with:
(A) actual or apparent authority to ship, store, or sell;
(B) power to obtain delivery under Section 7-403 of this
title; or
(C) power of disposition under Sections 2-403, 2A-304(2),
2A-305(2), 1-9-320, or 1-9-321(c) of the Uniform
Commercial Code or other statute or rule of law; or
(2) acquiesce in the procurement by the bailor or its nominee
of any document.
(d) A warehouse’s lien on household goods for charges and
expenses in relation to the goods under subsection (a) of this
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 405
section is also effective against all persons if the depositor was
the legal possessor of the goods at the time of deposit. In this
subsection, “household goods" means furniture, furnishings, or
personal effects used by the depositor in a dwelling.
(e) A warehouse loses its lien on any goods that it voluntarily
delivers or unjustifiably refuses to deliver.
Lien of Warehouse.
(a) A warehouse has a lien against the bailor on the goods
covered by a warehouse receipt or storage agreement or on the
proceeds thereof in its possession for charges for storage or
transportation, including demurrage and terminal charges, insurance,
labor, or other charges, present or future, in relation to the
goods, and for expenses necessary for preservation of the goods or
reasonably incurred in their sale pursuant to law. If the person on
whose account the goods are held is liable for similar charges or
expenses in relation to other goods whenever deposited and it is
stated in the warehouse receipt or storage agreement that a lien is
claimed for charges and expenses in relation to other goods, the
warehouse also has a lien against the goods covered by the warehouse
receipt or storage agreement or on the proceeds thereof in its
possession for those charges and expenses, whether or not the goods
have been delivered by the warehouse. However, as against a person
to which a negotiable warehouse receipt is duly negotiated, a
warehouse’s lien is limited to charges in an amount or at a rate
specified in the warehouse receipt or, if no charges are so
specified, to a reasonable charge for storage of the specific goods
covered by the receipt subsequent to the date of the receipt.
(b) A warehouse may also reserve a security interest against
the bailor for the maximum amount specified on the receipt for
charges other than those specified in subsection (a) of this
section, such as for money advanced and interest. The security
interest is governed by Article 9 of the Uniform Commercial Code.
(c) A warehouse’s lien for charges and expenses under
subsection (a) of this section or a security interest under
subsection (b) of this section is also effective against any person
that so entrusted the bailor with possession of the goods that a
pledge of them by the bailor to a good faith purchaser for value
would have been valid. However, the lien or security interest is
not effective against a person that before issuance of a document of
title had a legal interest or a perfected security interest in the
goods and that did not:
(1) deliver or entrust the goods or any document of title
covering the goods to the bailor or the bailor’s nominee with:
(A) actual or apparent authority to ship, store, or sell;
(B) power to obtain delivery under Section 7-403 of this
title; or
(C) power of disposition under Sections 2-403, 2A-304(2),
2A-305(2), 1-9-320, or 1-9-321(c) of the Uniform
Commercial Code or other statute or rule of law; or
(2) acquiesce in the procurement by the bailor or its nominee
of any document.
(d) A warehouse’s lien on household goods for charges and
expenses in relation to the goods under subsection (a) of this
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 405
section is also effective against all persons if the depositor was
the legal possessor of the goods at the time of deposit. In this
subsection, “household goods" means furniture, furnishings, or
personal effects used by the depositor in a dwelling.
(e) A warehouse loses its lien on any goods that it voluntarily
delivers or unjustifiably refuses to deliver.
Status: in_force · Read it on the official government site
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