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

Okla. Stat. tit. 12A, § 12A-1-9-318: Rights and title of seller of account or chattel

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  1. OK Code
  2. 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

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