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

Okla. Stat. tit. 12A, § 12A-2A-102: Scope

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  1. OK Code
  2. Title 12A

SCOPE

(1) This article applies to any transaction, regardless of

form, that creates a lease and, in the case of a hybrid lease, it

applies to the extent provided in paragraph (2) of this section.

(2) In a hybrid lease:

(a) if the lease-of-goods aspects do not predominate:

(i) only the provisions of this article which relate

primarily to the lease-of-goods aspects of the

transaction apply, and the provisions that relate

primarily to the transaction as a whole do not

apply;

(ii) Section 2A-209 of this title applies if the lease

is a finance lease; and

(iii) Section 2A-407 of this title applies to the

promises of the lessee in a finance lease to the

extent the promises are consideration for the

right to possession and use of the leased goods;

and

(b) if the lease-of-goods aspects predominate, this

article applies to the transaction, but does not

preclude application, in appropriate circumstances, of

other law to aspects of the lease which do not relate

to the lease of goods.

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

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