Okla. Stat. tit. 4, § 4-201.3
This is the official text of Okla. Stat. tit. 4, § 4-201.3, part of Oklahoma’s Stat. tit. 4, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 4,." Browse the sections below, each linked to its official government source.
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Livestock lien - Existence - Validity
Official statutory text
A. To secure the obligations of a first purchaser to pay the
sales price, every livestock owner is granted a lien in all
livestock sold by such livestock owner, for any unpaid portion of
the sales price for such livestock. The lien granted by this act is
granted and shall exist as part of and incident to the ownership of
livestock.
B. An owner’s lien:
1. Exists in and attaches immediately to all livestock on the
effective date of this act;
2. Continues uninterrupted and without lapse in all livestock
upon and after sale of any livestock; and
3. Continues uninterrupted and without lapse in and to all
proceeds.
C. An owner’s lien exists until the livestock owner or sales
agent entitled to receive the sales price has received the full
amount of the sales price. Any security interest or mortgage lien
of an owner’s lender shall attach to the livestock owner’s right to
an owner’s lien in livestock or proceeds from the sale of the
livestock. An owner’s lender shall not be considered to have waived
its security interest or mortgage lien or right in an owner’s lien
by approving or authorizing the livestock owner to sell the
livestock pursuant to the sales agreement.
Oklahoma Statutes - Title 4. Animals Page 48
D. The validity of an owner’s lien shall not be dependent on
possession of the livestock by a livestock owner or sales agent. No
owner’s lien shall become or be deemed to be void or expired by
reason of a change or transfer of the actual or constructive
possession of or title to the livestock from the livestock owner or
sales agent to a first purchaser or subsequent purchaser.
sales price, every livestock owner is granted a lien in all
livestock sold by such livestock owner, for any unpaid portion of
the sales price for such livestock. The lien granted by this act is
granted and shall exist as part of and incident to the ownership of
livestock.
B. An owner’s lien:
1. Exists in and attaches immediately to all livestock on the
effective date of this act;
2. Continues uninterrupted and without lapse in all livestock
upon and after sale of any livestock; and
3. Continues uninterrupted and without lapse in and to all
proceeds.
C. An owner’s lien exists until the livestock owner or sales
agent entitled to receive the sales price has received the full
amount of the sales price. Any security interest or mortgage lien
of an owner’s lender shall attach to the livestock owner’s right to
an owner’s lien in livestock or proceeds from the sale of the
livestock. An owner’s lender shall not be considered to have waived
its security interest or mortgage lien or right in an owner’s lien
by approving or authorizing the livestock owner to sell the
livestock pursuant to the sales agreement.
Oklahoma Statutes - Title 4. Animals Page 48
D. The validity of an owner’s lien shall not be dependent on
possession of the livestock by a livestock owner or sales agent. No
owner’s lien shall become or be deemed to be void or expired by
reason of a change or transfer of the actual or constructive
possession of or title to the livestock from the livestock owner or
sales agent to a first purchaser or subsequent purchaser.
Status: in_force · Read it on the official government site
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