Okla. Stat. tit. 4, § 4-201.9
This is the official text of Okla. Stat. tit. 4, § 4-201.9, 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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Prohibition of waiver, relinquishment, or release of
Official statutory text
lien.
No livestock owner shall be required, as a condition or term of
an agreement to sell or otherwise, to waive, relinquish or release
any owner’s lien or any rights under this act other than upon
payment in full of the sales price or agree to any provision that
would apply the law of any state other than this state insofar as
the same relates to rights under this act, and any such purported
waiver, relinquishment, release, or provision shall be void as a
matter of the public policy of this state. Provided, however, any
livestock owner or sales agent acting on behalf of a livestock
owner, may waive, relinquish or release any owner’s lien or any
rights under this act or agree to a provision that would apply the
law of any state other than this state insofar as the same relates
to rights under this act provided the first purchaser either:
1. Posts a letter of credit in form and amount satisfactory to
the livestock owner or sales agent; or
2. Agrees to a binding contractual arrangement satisfactory in
form and substance to the livestock owner or sales agent to prepay
or escrow the sales price under an agreement to sell in form and
substance satisfactory to the livestock owner and performs all of
the first purchaser’s obligations thereunder.
No livestock owner shall be required, as a condition or term of
an agreement to sell or otherwise, to waive, relinquish or release
any owner’s lien or any rights under this act other than upon
payment in full of the sales price or agree to any provision that
would apply the law of any state other than this state insofar as
the same relates to rights under this act, and any such purported
waiver, relinquishment, release, or provision shall be void as a
matter of the public policy of this state. Provided, however, any
livestock owner or sales agent acting on behalf of a livestock
owner, may waive, relinquish or release any owner’s lien or any
rights under this act or agree to a provision that would apply the
law of any state other than this state insofar as the same relates
to rights under this act provided the first purchaser either:
1. Posts a letter of credit in form and amount satisfactory to
the livestock owner or sales agent; or
2. Agrees to a binding contractual arrangement satisfactory in
form and substance to the livestock owner or sales agent to prepay
or escrow the sales price under an agreement to sell in form and
substance satisfactory to the livestock owner and performs all of
the first purchaser’s obligations thereunder.
Status: in_force · Read it on the official government site
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