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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-1-9-205: Use or disposition of collateral permissible

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Where this section sits in the code
  1. OK Code
  2. Title 12A

USE OR DISPOSITION OF COLLATERAL PERMISSIBLE

(a) A security interest is not invalid or fraudulent against

creditors solely because:

(1) the debtor has the right or ability to:

(A) use, commingle, or dispose of all or part of the

collateral, including returned or repossessed goods;

(B) collect, compromise, enforce, or otherwise deal with

collateral;

(C) accept the return of collateral or make repossessions;

or

(D) use, commingle, or dispose of proceeds; or

(2) the secured party fails to require the debtor to account

for proceeds or replace collateral.

(b) This section does not relax the requirements of possession

if attachment, perfection, or enforcement of a security interest

depends upon possession of the collateral by the secured party.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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