Okla. Stat. tit. 60, § 60-49.13

NATURE OF RIGHTS; SUBORDINATION OF INTERESTS.

A. Any person, including a person that owns an interest in the

real property, the agency, or a municipality or other unit of local

government, may be a holder. An environmental covenant may identify

more than one holder. The interest of a holder is an interest in

real property.

B. A right of an agency under the Uniform Environmental

Covenants Act or under an environmental covenant, other than a right

as a holder, is not an interest in real property.

C. An agency is bound by any obligation it assumes in an

environmental covenant, but an agency does not assume obligations

merely by signing an environmental covenant. Any other person that

signs an environmental covenant is bound by the obligations the

person assumes in the covenant, but signing the covenant does not

change obligations, rights, or protections granted or imposed under

law other than the Uniform Environmental Covenants Act except as

provided in the covenant.

D. The following rules apply to interests in real property in

existence at the time an environmental covenant is created or

amended:

Oklahoma Statutes - Title 60. Property Page 26

1. An interest that has priority under other law is not

affected by an environmental covenant unless the person that owns

the interest subordinates that interest to the covenant;

2. The Uniform Environmental Covenants Act does not require a

person that owns a prior interest to subordinate that interest to an

environmental covenant or to agree to be bound by the covenant;

3. A subordination agreement may be contained in an

environmental covenant covering real property or in a separate

record. If the environmental covenant covers commonly owned

property in a common interest community, the record may be signed by

any person authorized by the governing board of the owners’

association; and

4. An agreement by a person to subordinate a prior interest to

an environmental covenant affects the priority of that person’s

interest but does not by itself impose any affirmative obligation on

the person with respect to the environmental covenant.