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

Okla. Stat. tit. 12A, § 12A-1-9-514: Assignment of powers of secured party of record

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

ASSIGNMENT OF POWERS OF SECURED PARTY OF RECORD

(a) Except as otherwise provided in subsection (c) of this

section, an initial financing statement may reflect an assignment of

all of the secured party’s power to authorize an amendment to the

financing statement by providing the name and mailing address of the

assignee as the name and address of the secured party.

(b) Except as otherwise provided in subsection (c) of this

section, a secured party of record may assign of record all or part

of its power to authorize an amendment to a financing statement by

filing in the filing office an amendment of the financing statement

which:

(1) identifies, by its file number, the initial financing

statement to which it relates;

(2) provides the name of the assignor; and

(3) provides the name and mailing address of the assignee.

(c) An assignment of record of a security interest in a fixture

covered by a record of a mortgage which is effective as a fixture

filing under subsection (c) of Section 1-9-502 of this title may be

made only by an assignment of record of the mortgage in the manner

provided by law of this state other than the Uniform Commercial

Code.

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

Browse this collection