Okla. Stat. tit. 52, § 52-549.6
This is the official text of Okla. Stat. tit. 52, § 52-549.6, part of Oklahoma’s Stat. tit. 52, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 52,." Browse the sections below, each linked to its official government source.
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Rights of purchaser
Official statutory text
RIGHTS OF PURCHASERS
A purchaser takes free of any oil and gas lien otherwise
applicable to the oil or gas so purchased, and shall be relieved of
any obligations created by subsection A of Section 570.10 of Title
52 of the Oklahoma Statutes, only in the event that either of the
following occur:
1. The purchaser is deemed to be a buyer in the ordinary course
of the first purchaser's business as defined in Article 9; or
2. The purchaser has paid all of the consideration due the
first purchaser, including by exchange of oil or gas, net-out or
set-off, under all applicable enforceable contracts in existence at
the time of the payment.
Notwithstanding the foregoing, the oil and gas lien will
continue uninterrupted in the proceeds paid to or otherwise due the
first purchaser.
Except as specifically set forth in this section, an oil and gas
lien has priority over the rights of any purchaser.
A purchaser takes free of any oil and gas lien otherwise
applicable to the oil or gas so purchased, and shall be relieved of
any obligations created by subsection A of Section 570.10 of Title
52 of the Oklahoma Statutes, only in the event that either of the
following occur:
1. The purchaser is deemed to be a buyer in the ordinary course
of the first purchaser's business as defined in Article 9; or
2. The purchaser has paid all of the consideration due the
first purchaser, including by exchange of oil or gas, net-out or
set-off, under all applicable enforceable contracts in existence at
the time of the payment.
Notwithstanding the foregoing, the oil and gas lien will
continue uninterrupted in the proceeds paid to or otherwise due the
first purchaser.
Except as specifically set forth in this section, an oil and gas
lien has priority over the rights of any purchaser.
Status: in_force · Read it on the official government site
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