reglab/housing_qa huggingface dataset:
12A OK Stat § 12A-1-9-309 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-309. Security interest perfected upon attachment.

|SECURITY INTEREST PERFECTED UPON ATTACHMENT |The following security interests are perfected when they attach:(1) a purchase-money security interest in consumer goods, except as otherwise provided in subsection (b) of Section 1-9-311 of this title with respect to consumer goods that are subject to a statute or treaty described in subsection (a) of Section 1-9-311 of this title;(2) an assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor’s outstanding accounts or payment intangibles;(3) a sale of a payment intangible;(4) a sale of a promissory note;(5) a security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services;(6) a security interest arising under Section 2-401, 2-505, paragraph (3) of Section 2-711, or paragraph (5) of Section 2A-508 of this title, until the debtor obtains possession of the collateral;(7) a security interest of a collecting bank arising under Section 4-210 of this title;(8) a security interest of an issuer or nominated person arising under Section 5-118 of this title;(9) a security interest arising in the delivery of a financial asset under subsection (c) of Section 1-9-206 of this title;(10) a security interest in investment property created by a broker or securities intermediary;(11) a security interest in a commodity contract or a commodity account created by a commodity intermediary;(12) an assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder;(13) a security interest created by an assignment of a beneficial interest in a decedent’s estate; and(14) a sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.Added by Laws 2000, c. 371, § 29, eff. July 1, 2001. Amended by Laws 2004, c. 153, § 4, eff. Nov. 1, 2004.
12A OK Stat § 12A-1-9-310 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-310. When filing required to perfect security interest or agricultural lien - Security interests and agricultural liens to which filing provisions do not apply.

|WHEN FILING REQUIRED TO PERFECT SECURITY INTEREST OR |AGRICULTURAL LIEN; SECURITY INTERESTS AND AGRICULTURALLIENS TO WHICH FILING PROVISIONS DO NOT APPLY(a) Except as otherwise provided in subsection (b) of this section and Section 1-9-312 of this title, a financing statement must be filed to perfect all security interests and agricultural liens.(b) The filing of a financing statement is not necessary to perfect a security interest:(1) that is perfected under subsection (d), (e), (f), or (g) of Section 1-9-308 of this title;(2) that is perfected under Section 1-9-309 of this title when it attaches;(3) in property subject to a statute, regulation, or treaty described in subsection (a) of Section 1-9-311 of this title;(4) in goods in possession of a bailee which is perfected under paragraph (1) or (2) of subsection (d) of Section 1-9-312 of this title;(5) in certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under subsection (e), (f), or (g) of Section 1-9-312 of this title;(6) in collateral in the secured party’s possession under Section 1-9-313 of this title;(7) in a certificated security which is perfected by delivery of the security certificate to the secured party under Section 1-9-313 of this title;(8) in deposit accounts, electronic chattel paper, investment property, or letter-of-credit rights which is perfected by control under Section 1-9-314 of this title;(9) in proceeds which is perfected under Section 1-9-315 of this title; or(10) that is perfected under Section 1-9-316 of this title.(c) If a secured party assigns a perfected security interest or agricultural lien, a filing under this article is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.Added by Laws 2000, c. 371, § 30, eff. July 1, 2001. Amended by Laws 2005, c. 140, § 64, eff. Jan. 1, 2006.
12A OK Stat § 12A-1-9-314 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-314. Perfection by control.

|PERFECTION BY CONTROL |(a) A security interest in investment property, deposit accounts, letter-of-credit rights, electronic chattel paper, or electronic documents may be perfected by control of the collateral under Section 7-106, 1-9-104, 1-9-105, 1-9-106, or 1-9-107 of this title.(b) A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights, or electronic documents is perfected by control under Section 1-9-104, 1-9-105, or 1-9-107 of this title when the secured party obtains control and remains perfected by control only while the secured party retains control.(c) A security interest in investment property is perfected by control under Section 1-9-106 of this title from the time the secured party obtains control and remains perfected by control until:(1) the secured party does not have control; and(2) one of the following occurs:(A)if the collateral is a certificated security, the debtor has or acquires possession of the security certificate;(B)if the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or(C)if the collateral is a security entitlement, the debtor is or becomes the entitlement holder.Added by Laws 2000, c. 371, § 34, eff. July 1, 2001. Amended by Laws 2005, c. 140, § 67, eff. Jan. 1, 2006.
12A OK Stat § 12A-1-9-315 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-315. Secured party’s rights on disposition of collateral and in proceeds.

|SECURED PARTY’S RIGHTS ON DISPOSITION |OF COLLATERAL AND IN PROCEEDS(a) Except as otherwise provided in this article and in paragraph (2) of Section 2-403 of this title:(1) a security interest or agricultural lien continues in collateral notwithstanding sale, lease, license, exchange, or other disposition thereof unless the secured party authorized the disposition free of the security interest or agricultural lien; and(2) a security interest attaches to any identifiable proceeds of collateral.(b) Proceeds that are commingled with other property are identifiable proceeds:(1) if the proceeds are goods, to the extent provided by Section 1-9-336 of this title; and(2) if the proceeds are not goods, to the extent that the secured party identifies the proceeds by a method of tracing, including application of equitable principles, that is permitted under law other than this article with respect to commingled property of the type involved.(c) A security interest in proceeds is a perfected security interest if the security interest in the original collateral was perfected.(d) A perfected security interest in proceeds becomes unperfected on the twenty-first day after the security interest attaches to the proceeds unless:(1) the following conditions are satisfied:(A)a filed financing statement covers the original collateral;(B)the proceeds are collateral in which a security interest may be perfected by filing in the office in which the financing statement has been filed; and(C)the proceeds are not acquired with cash proceeds;(2) the proceeds are identifiable cash proceeds; or(3) the security interest in the proceeds is perfected other than under subsection (c) of this section when the security interest attaches to the proceeds or within twenty (20) days thereafter.(e) If a filed financing statement covers the original collateral, a security interest in proceeds which remains perfected under paragraph (1) of subsection (d) of this section becomes unperfected at the later of:(1) when the effectiveness of the filed financing statement lapses under Section 1-9-515 of this title or is terminated under Section 1-9-513 of this title; or(2) the twenty-first day after the security interest attaches to the proceeds.Added by Laws 2000, c. 371, § 35, eff. July 1, 2001.
12A OK Stat § 12A-1-9-317 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-317. Interests that take priority over or take free of security interest or agricultural lien.

|INTERESTS THAT TAKE PRIORITY OVER OR TAKE FREE |OF SECURITY INTEREST OR AGRICULTURAL LIEN(a) A security interest or agricultural lien is subordinate to the rights of:(1) a person entitled to priority under Section 1-9-322 of this title; and(2) except as otherwise provided in subsection (e) of this section, a person that becomes a lien creditor before the earlier of the time:(A)the security interest or agricultural lien is perfected; or(B)one of the conditions specified in paragraph (3) of subsection (b) of Section 1-9-203 of this title is met and a financing statement covering the collateral is filed.(b) Except as otherwise provided in subsection (e) of this section, a buyer, other than a secured party, of tangible chattel paper, tangible documents, goods, instruments, or a certificated security takes free of a security interest or agricultural lien if the buyer gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.(c) Except as otherwise provided in subsection (e) of this section, a lessee of goods takes free of a security interest or agricultural lien if the lessee gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.(d) A licensee of a general intangible or a buyer, other than a secured party, of collateral other than tangible chattel paper, tangible documents, goods, instruments, or a certificated security takes free of a security interest if the licensee or buyer gives value without knowledge of the security interest and before it is perfected.(e) Except as otherwise provided in Sections 1-9-320 and 1-9-321 of this title, if a person files a financing statement with respect to a purchase-money security interest before or within twenty (20) days after the debtor receives delivery of the collateral, the security interest takes priority over the rights of a buyer, lessee, or lien creditor which arise between the time the security interest attaches and the time of filing.Added by Laws 2000, c. 371, § 37, eff. July 1, 2001. Amended by Laws 2001, c. 354, § 2, eff. July 1, 2001; Laws 2005, c. 140, § 68, eff. Jan. 1, 2006; Laws 2015, c. 374, § 6, eff. Nov. 1, 2015.
12A OK Stat § 12A-1-9-318 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-318. Rights and title of seller of account or chattel paper with respect to creditors and purchasers.

|RIGHTS AND TITLE OF SELLER OF ACCOUNT OR CHATTEL |PAPER WITH RESPECT TO CREDITORS AND PURCHASERS(a) A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold.(b) For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper from, a debtor that has sold an account or chattel paper, while the buyer’s security interest is unperfected, the debtor is deemed to have rights and title to the account or chattel paper identical to those the debtor sold.Added by Laws 2000, c. 371, § 38, eff. July 1, 2001.
12A OK Stat § 12A-1-9-319 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-319. Rights and title of consignee with respect to creditors and purchasers.

|RIGHTS AND TITLE OF CONSIGNEE WITH |RESPECT TO CREDITORS AND PURCHASERS(a) Except as otherwise provided in subsection (b) of this section, for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is deemed to have rights and title to the goods identical to those the consignor had or had power to transfer.(b) For purposes of determining the rights of a creditor of a consignee, law other than this article determines the rights and title of a consignee while goods are in the consignee’s possession if, under this part, a perfected security interest held by the consignor would have priority over the rights of the creditor.Added by Laws 2000, c. 371, § 39, eff. July 1, 2001.
12A OK Stat § 12A-1-9-320.1 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-320.1. Purpose.

|PURPOSE |The purpose of Sections 1-9-320.1 through 1-9-320.7 of this title is to make the laws governing protection of buyers of farm products, commission merchants, and selling agents comply with the provisions of Section 1324 of the Food Security Act of 1985 as codified at Section 1631 of Title 7 of the United States Code.Added by Laws 1987, c. 69, § 1. Amended by Laws 2000, c. 371, § 41, eff. July 1, 2001. Renumbered from § 9-307.1 of this title by Laws 2000, c. 371, § 183, eff. July 1, 2001.
12A OK Stat § 12A-1-9-320.3 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-320.3. Forms - Duty of Secretary of State.

|FORMS; DUTY OF SECRETARY OF STATE |The Secretary of State shall develop and maintain a standard form for an effective financing statement and for a statement of continuation, partial release, amendment, or assignment thereof, which shall be consistent with the provisions of Sections 1-9-320.1 through 1-9-320.7 of this title.Added by Laws 1987, c. 69, § 3. Amended by Laws 2000, c. 371, § 43, eff. July 1, 2001. Renumbered from § 9-307.3 of this title by Laws 2000, c. 371, § 183, eff. July 1, 2001; Laws 2001, c. 406, § 1, emerg. eff. June 4, 2001.
12A OK Stat § 12A-1-9-320.4 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-320.4. Protection of buyers of farm products, commission merchants and selling agents.

|PROTECTION OF BUYERS OF FARM PRODUCTS, |COMMISSION MERCHANTS AND SELLING AGENTSA buyer of farm products, commission merchant, or selling agent who purchases or sells farm products in the ordinary course of business from or for a person engaged in farming operations takes subject to a security interest in the farm products if:(a)(i)the buyer of the farm products, commission merchant, or selling agent has failed to register with the Secretary of State prior to the purchase of the farm products and the secured party has filed an effective financing statement that covers the farm products being sold; or(ii)the buyer of farm products, commission merchant or selling agent receives from the Secretary of State written notice as provided in paragraph (d) or (f) of subsection (4) of Section 1-9-320.6 of this title, and the buyer of farm products, commission merchant or selling agent does not secure a waiver or release of the security interest specified in an effective financing statement from the secured party by performing any payment obligation or otherwise; or(b)the secured party or the seller provides written notice of the security interest pursuant to the provisions of Section 1-9-320.7 of this title.Added by Laws 1987, c. 69, § 4. Amended by Laws 2000, c. 371, § 44, eff. July 1, 2001. Renumbered from § 9-307.4 of this title by Laws 2000, c. 371, § 183, eff. July 1, 2001.
12A OK Stat § 12A-1-9-320.5 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-320.5. Immunity from liability.

|IMMUNITY FROM LIABILITY |A buyer of farm products, commission merchant, or selling agent who purchases or sells farm products in the ordinary course of business from or for a person engaged in farming operations shall not be liable for errors or inaccuracies generated by the central filing system provided for in Section 1-9-320.6 of this title if the buyer, commission merchant, or selling agent has otherwise complied with the provisions of Sections 1-9-320.1 through 1-9-320.7 of this title.Added by Laws 1987, c. 69, § 5. Amended by Laws 2000, c. 371, § 45, eff. July 1, 2001. Renumbered from § 9-307.5 of this title by Laws 2000, c. 371, § 183, eff. July 1, 2001.
12A OK Stat § 12A-1-9-320 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-320. Buyer of goods.

|BUYER OF GOODS |(a) Except as otherwise provided in subsection (e) of this section, a buyer in ordinary course of business, other than a person buying farm products from a person engaged in farming operations, takes free of a security interest created by the buyer’s seller, even if the security interest is perfected and the buyer knows of its existence.(b) Except as otherwise provided in subsection (e) of this section, a buyer of goods from a person who used or bought the goods for use primarily for personal, family, or household purposes takes free of a security interest, even if perfected, if the buyer buys:(1) without knowledge of the security interest;(2) for value;(3) primarily for the buyer’s personal, family, or household purposes; and(4) before the filing of a financing statement covering the goods.(c) To the extent that it affects the priority of a security interest over a buyer of goods under subsection (b) of this section, the period of effectiveness of a filing made in the jurisdiction in which the seller is located is governed by subsections (a) and (b) of Section 1-9-316 of this title.(d) A buyer in ordinary course of business buying oil, gas, or other minerals at the wellhead or minehead or after extraction takes free of an interest arising out of an encumbrance.(e) Subsections (a) and (b) of this section do not affect a security interest in goods in the possession of the secured party under Section 1-9-313 of this title.Added by Laws 2000, c. 371, § 40, eff. July 1, 2001.
12A OK Stat § 12A-1-9-321 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-321. Licensee of general intangible and lessee of goods in ordinary course of business.

|LICENSEE OF GENERAL INTANGIBLE AND LESSEE |OF GOODS IN ORDINARY COURSE OF BUSINESS(a) In this section, “licensee in ordinary course of business” means a person that becomes a licensee of a general intangible in good faith, without knowledge that the license violates the rights of another person in the general intangible, and in the ordinary course from a person in the business of licensing general intangibles of that kind. A person becomes a licensee in the ordinary course if the license to the person comports with the usual or customary practices in the kind of business in which the licensor is engaged or with the licensor’s own usual or customary practices.(b) A licensee in ordinary course of business takes its rights under a nonexclusive license free of a security interest in the general intangible created by the licensor, even if the security interest is perfected and the licensee knows of its existence.(c) A lessee in ordinary course of business takes its leasehold interest free of a security interest in the goods created by the lessor, even if the security interest is perfected and the lessee knows of its existence.Added by Laws 2000, c. 371, § 48, eff. July 1, 2001.
12A OK Stat § 12A-1-9-323 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-323. Future advances.

|FUTURE ADVANCES |(a) Except as otherwise provided in subsection (c) of this section, for purposes of determining the priority of a perfected security interest under paragraph (1) of subsection (a) of Section 1-9-322 of this title, perfection of the security interest dates from the time an advance is made to the extent that the security interest secures an advance that:(1) is made while the security interest is perfected only:(A)under Section 1-9-309 of this title when it attaches; or(B)temporarily under subsection (e), (f), or (g) of Section 1-9-312 of this title; and(2) is not made pursuant to a commitment entered into before or while the security interest is perfected by a method other than under Section 1-9-309 or subsection (e), (f), or (g) of Section 1-9-312 of this title.(b) Except as otherwise provided in subsection (c) of this section, a security interest is subordinate to the rights of a person that becomes a lien creditor to the extent that the security interest secures an advance made more than forty-five (45) days after the person becomes a lien creditor unless the advance is made:(1) without knowledge of the lien; or(2) pursuant to a commitment entered into without knowledge of the lien.(c) Subsections (a) and (b) of this section do not apply to a security interest held by a secured party that is a buyer of accounts, chattel paper, payment intangibles, or promissory notes or a consignor.(d) Except as otherwise provided in subsection (e) of this section, a buyer of goods other than a buyer in ordinary course of business takes free of a security interest to the extent that it secures advances made after the earlier of:(1) the time the secured party acquires knowledge of the buyer’s purchase; or(2) forty-five (45) days after the purchase.(e) Subsection (d) of this section does not apply if the advance is made pursuant to a commitment entered into without knowledge of the buyer’s purchase and before the expiration of the forty-five-day period.(f) Except as otherwise provided in subsection (g) of this section, a lessee of goods, other than a lessee in ordinary course of business, takes the leasehold interest free of a security interest to the extent that it secures advances made after the earlier of:(1) the time the secured party acquires knowledge of the lease; or(2) Forty-five (45) days after the lease contract becomes enforceable.(g) Subsection (f) of this section does not apply if the advance is made pursuant to a commitment entered into without knowledge of the lease and before the expiration of the forty-five-day period.Added by Laws 2000, c. 371, § 50, eff. July 1, 2001.
12A OK Stat § 12A-1-9-325 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-325. Priority of security interests in transferred collateral.

|PRIORITY OF SECURITY INTERESTS IN TRANSFERRED COLLATERAL |(a) Except as otherwise provided in subsection (b) of this section, a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:(1) the debtor acquired the collateral subject to the security interest created by the other person;(2) the security interest created by the other person was perfected when the debtor acquired the collateral; and(3) there is no period thereafter when the security interest is unperfected.(b) Subsection (a) of this section subordinates a security interest only if the security interest:(1) otherwise would have priority solely under subsection (a) of Section 1-9-322 or Section 1-9-324 of this title; or(2) arose solely under paragraph (3) of Section 2-711 or paragraph (5) of Section 2A-508 of this title.Added by Laws 2000, c. 371, § 52, eff. July 1, 2001.
12A OK Stat § 12A-1-9-326 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-1-9-326. Priority of security interests created by new debtor.

|PRIORITY OF SECURITY INTERESTS CREATED BY NEW DEBTOR |(a) Subject to subsection (b) of this section, a security interest that is created by a new debtor in collateral in which the new debtor has or acquires rights and perfected by a filed financing statement that would be ineffective to perfect the security interest but for the application of Section 1-9-508 of this title or Section 1-9-508 and paragraph (l) of subsection (i) of Section 1-9-316 of this title is subordinate to a security interest in the same collateral which is perfected other than by such a filed financing statement.(b) The other provisions of this part determine the priority among conflicting security interests in the same collateral perfected by filed financing statements described in subsection (a) of this section. However, if the security agreements to which a new debtor became bound as debtor were not entered into by the same original debtor, the conflicting security interests rank according to priority in time of the new debtor's having become bound.Added by Laws 2000, c. 371, § 53, eff. July 1, 2001. Amended by Laws 2015, c. 374, § 7, eff. Nov. 1, 2015.