Okla. Stat. tit. 12A, § 12A-7-210

Enforcement of Warehouseman's Lien.

(a) Except as provided in subsection (b) of this section, a

warehouse’s lien may be enforced by public or private sale of the

goods, in bulk or in packages, at any time or place and on any terms

that are commercially reasonable, after notifying all persons known

to claim an interest in the goods. The notification must include a

statement of the amount due, the nature of the proposed sale, and

the time and place of any public sale. The fact that a better price

could have been obtained by a sale at a different time or in a

method different from that selected by the warehouse is not of

itself sufficient to establish that the sale was not made in a

commercially reasonable manner. The warehouse sells in a

commercially reasonable manner if the warehouse sells the goods in

the usual manner in any recognized market therefor, sells at the

price current in that market at the time of the sale, or otherwise

sells in conformity with commercially reasonable practices among

dealers in the type of goods sold. A sale of more goods than

apparently necessary to be offered to ensure satisfaction of the

obligation is not commercially reasonable except in cases covered by

the preceding sentence.

(b) A warehouse may enforce its lien on goods other than goods

stored by a merchant in the course of its business, only if the

following requirements are satisfied:

(1) All persons known to claim an interest in the goods must be

notified.

(2) The notification must include an itemized statement of the

claim, a description of the goods subject to the lien, a demand for

payment within a specified time not less than ten (10) days after

receipt of the notification, and a conspicuous statement that unless

the claim is paid within that time the goods will be advertised for

sale and sold by auction at a specified time and place.

(3) The sale must conform to the terms of the notification.

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 406

(4) The sale must be held at the nearest suitable place to that

where the goods are held or stored.

(5) After the expiration of the time given in the notification,

an advertisement of the sale must be published once a week for two

(2) weeks consecutively in a newspaper of general circulation where

the sale is to be held. The advertisement must include a

description of the goods, the name of the person on whose account

they are being held, and the time and place of the sale. The sale

must take place at least fifteen (15) days after the first

publication. If there is no newspaper of general circulation where

the sale is to be held, the advertisement must be posted at least

ten (10) days before the sale in not fewer than six conspicuous

places in the neighborhood of the proposed sale.

(c) Before any sale pursuant to this section, any person

claiming a right in the goods may pay the amount necessary to

satisfy the lien and the reasonable expenses incurred in complying

with this section. In that event, the goods may not be sold but

must be retained by the warehouse subject to the terms of the

receipt and this article.

(d) A warehouse may buy at any public sale pursuant to this

section.

(e) A purchaser in good faith of goods sold to enforce a

warehouse’s lien takes the goods free of any rights of persons

against which the lien was valid, despite the warehouse’s

noncompliance with this section.

(f) A warehouse may satisfy its lien from the proceeds of any

sale pursuant to this section but shall hold the balance, if any,

for delivery on demand to any person to which the warehouse would

have been bound to deliver the goods.

(g) The rights provided by this section are in addition to all

other rights allowed by law to a creditor against a debtor.

(h) If a lien is on goods stored by a merchant in the course of

its business the lien may be enforced in accordance with subsection

(a) or (b) of this section.
f any,

for delivery on demand to any person to which the warehouse would

have been bound to deliver the goods.

(g) The rights provided by this section are in addition to all

other rights allowed by law to a creditor against a debtor.

(h) If a lien is on goods stored by a merchant in the course of

its business the lien may be enforced in accordance with subsection

(a) or (b) of this section.

(i) A warehouse is liable for damages caused by failure to

comply with the requirements for sale under this section and, in

case of willful violation, is liable for conversion.