Okla. Stat. tit. 12A, § 12A-1-9-610: Disposition of collateral after default

DISPOSITION OF COLLATERAL AFTER DEFAULT

(a) After default, a secured party may sell, lease, license, or

otherwise dispose of any or all of the collateral in its present

condition or following any commercially reasonable preparation or

processing.

(b) Every aspect of a disposition of collateral, including the

method, manner, time, place, and other terms, must be commercially

reasonable. If commercially reasonable, a secured party may dispose

of collateral by public or private proceedings, by one or more

contracts, as a unit or in parcels, and at any time and place and on

any terms.

(c) A secured party may purchase collateral:

(1) at a public disposition; or

(2) at a private disposition only if the collateral is of a

kind that is customarily sold on a recognized market or the subject

of widely distributed standard price quotations.

(d) A contract for sale, lease, license, or other disposition

includes the warranties relating to title, possession, quiet

enjoyment, and the like which by operation of law accompany a

voluntary disposition of property of the kind subject to the

contract.

(e) A secured party may disclaim or modify warranties under

subsection (d) of this section:

(1) in a manner that would be effective to disclaim or modify

the warranties in a voluntary disposition of property of the kind

subject to the contract of disposition; or

(2) by communicating to the purchaser a record evidencing the

contract for disposition and including an express disclaimer or

modification of the warranties.

(f) A record is sufficient to disclaim warranties under

subsection (e) of this section if it indicates “There is no warranty

relating to title, possession, quiet enjoyment, or the like in this

disposition” or uses words of similar import.