GroundRules
← Search the law
Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-1-9-508: Effectiveness of financing statement if new debtor

Read at publisher ↗
Where this section sits in the code
  1. OK Code
  2. Title 12A

becomes bound by security agreement.

EFFECTIVENESS OF FINANCING STATEMENT IF

NEW DEBTOR BECOMES BOUND BY SECURITY AGREEMENT

(a) Except as otherwise provided in this section, a filed

financing statement naming an original debtor is effective to

perfect a security interest in collateral in which a new debtor has

or acquires rights to the extent that the financing statement would

have been effective had the original debtor acquired rights in the

collateral.

(b) If the difference between the name of the original debtor

and that of the new debtor causes a filed financing statement that

is effective under subsection (a) of this section to be seriously

misleading under Section 1-9-506 of this title:

(1) the financing statement is effective to perfect a security

interest in collateral acquired by the new debtor before, and within

four (4) months after, the new debtor becomes bound under subsection

(d) of Section 1-9-203 of this title; and

(2) the financing statement is not effective to perfect a

security interest in collateral acquired by the new debtor more than

four (4) months after the new debtor becomes bound under subsection

(d) of Section 1-9-203 of this title unless an initial financing

statement providing the name of the new debtor if filed before the

expiration of that time.

(c) This section does not apply to collateral for which a filed

financing statement remains effective against the new debtor under

subsection (a) of Section 1-9-507 of this title.

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

Browse this collection