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

Okla. Stat. tit. 12A, § 12A-1-9-331: Priority of rights of purchasers of controllable

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

accounts, controllable electronic records, controllable payment

intangibles, documents, instruments, and securities under other

articles; priority of interests in financial assets and security

entitlements and protection against assertion of claims under

Articles 8 and 12.

PRIORITY OF RIGHTS OF PURCHASERS OF CONTROLLABLE ACCOUNTS,

CONTROLLABLE ELECTRONIC RECORDS, CONTROLLABLE PAYMENT INTANGIBLES,

DOCUMENTS, INSTRUMENTS, AND SECURITIES UNDER OTHER ARTICLES;

PRIORITY OF INTERESTS IN FINANCIAL ASSETS AND SECURITY ENTITLEMENTS

AND PROTECTION AGAINST ASSERTION OF CLAIM UNDER ARTICLES 8 AND 12

(a) This article does not limit the rights of a holder in due

course of a negotiable instrument, a holder to which a negotiable

document of title has been duly negotiated, a protected purchaser of

a security, or a qualifying purchaser of a controllable account,

controllable electronic record, or controllable payment intangible.

These holders or purchasers take priority over an earlier security

interest, even if perfected, to the extent provided in Articles 3,

7, 8, and 12 of this title.

(b) This article does not limit the rights of or impose

liability on a person to the extent that the person is protected

against the assertion of a claim under Article 8 or 12 of this

title.

(c) Filing under this article does not constitute notice of a

claim or defense to the holders, or purchasers, or persons described

in subsections (a) and (b) of this section.

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

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