Okla. Stat. tit. 12A, § 12A-1-9-318: Rights and title of seller of account or chattel
Where this section sits in the code
- OK Code
- Title 12A
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.
Collected 2026-09-14T18:32:36Z. Source file · JSON