Okla. Stat. tit. 12A, § 12A-2A-303: Alienability of party's interest under lease contract

or of lessor's residual interest in goods; delegation of

performance; transfer of rights.

ALIENABILITY OF PARTY'S INTEREST UNDER LEASE CONTRACT

OR OF LESSOR'S RESIDUAL INTEREST IN GOODS;

DELEGATION OF PERFORMANCE; TRANSFER OF RIGHTS

(1) As used in this section, "creation of a security interest"

includes the sale of a lease contract that is subject to Article 9

of this title, Secured Transactions, by reason of paragraph (3) of

subsection (a) of Section 1-9-109 of this title.

(2) Except as provided in subsection (3) of Section 1-9-407 of

this title, a provision in a lease agreement which (i) prohibits the

voluntary or involuntary transfer, including a transfer by sale,

sublease, creation or enforcement of a security interest, or

attachment, levy, or other judicial process, of an interest of a

party under the lease contract or of the lessor's residual interest

in the goods, or (ii) makes such a transfer an event of default,

gives rise to the rights and remedies provided in subsection (4) of

this section, but a transfer that is prohibited or is an event of

default under the lease agreement is otherwise effective.

(3) A provision in a lease agreement which (i) prohibits a

transfer of a right to damages for default with respect to the whole

lease contract or of a right to payment arising out of the

transferor's due performance of the transferor's entire obligation,

or (ii) makes such a transfer an event of default, is not

enforceable, and such a transfer is not a transfer that materially

impairs the prospect of obtaining return performance by, materially

changes the duty of, or materially increases the burden of risk

imposed on, the other party to the lease contract within the purview

of subsection (4) of this section.

(4) Subject to subsection (3) of this section and Section 1-9-

407 of this article:

(a) if a transfer is made which is made an event of

default under a lease agreement, the party to the

lease contract not making the transfer, unless that

party waives the default or otherwise agrees, has the

rights and remedies described in subsection (2) of

Section 2A-501 of this title; or

(b) if paragraph (a) of this subsection is not applicable

and if a transfer is made that (i) is prohibited under

a lease agreement or (ii) materially impairs the

prospect of obtaining return performance by,

materially changes the duty of, or materially

increases the burden or risk imposed on, the other

party to the lease contract, unless the party not

making the transfer agrees at any time to the transfer

in the lease contract or otherwise, then, except as

limited by contract, (i) the transferor is liable to

the party not making the transfer for damages caused

by the transfer to the extent that the damages could

not reasonably be prevented by the party not making

the transfer and (ii) a court having jurisdiction may

grant other appropriate relief, including cancellation

of the lease contract or an injunction against the

transfer.

(5) A transfer of "the lease" or of "all my rights under the

lease", or a transfer in similar general terms, is a transfer of

rights and, unless the language or the circumstances, as in a

transfer for security, indicate the contrary, the transfer is a

delegation of duties by the transferor to the transferee.

Acceptance by the transferee constitutes a promise by the transferee

to perform those duties. The promise is enforceable by either the

transferor or the other party to the lease contract.

(6) Unless otherwise agreed by the lessor and the lessee, a

delegation of performance does not relieve the transferor as against

the other party of any duty to perform or of any liability for

default.

(7) In a consumer lease, to prohibit the transfer of an

interest of a party under the lease contract or to make a transfer

an event of default, the language must be specific, by a writing,

and conspicuous.