Okla. Stat. tit. 12A, § 12A-1-9-338: Priority of security interest or agricultural lien

perfected by filed financing statement providing certain incorrect

information.

PRIORITY OF SECURITY INTEREST OR

AGRICULTURAL LIEN PERFECTED BY FILED FINANCING

STATEMENT PROVIDING CERTAIN INCORRECT INFORMATION

If a security interest or agricultural lien is perfected by a

filed financing statement providing information described in

paragraph (5) of subsection (b) of Section 1-9-516 of this title

which is incorrect at the time the financing statement is filed:

(1) the security interest or agricultural lien is subordinate

to a conflicting perfected security interest in the collateral to

the extent that the holder of the conflicting security interest

gives value in reasonable reliance upon the incorrect information;

and

(2) a purchaser, other than a secured party, of the collateral

takes free of the security interest or agricultural lien to the

extent that, in reasonable reliance upon the incorrect information,

the purchaser gives value and, in the case of tangible chattel

paper, tangible documents, goods, instruments, or a security

certificate, receives delivery of the collateral.