Okla. Stat. tit. 12A, § 12A-2A-304: Subsequent Lease of Goods by Lessor

SUBSEQUENT LEASE OF GOODS BY LESSOR

(1) Subject to Section 2A-303 of this title, a subsequent

lessee from a lessor of goods under an existing lease contract

obtains, to the extent of the leasehold interest transferred, the

leasehold interest in the goods that the lessor had or had power to

transfer, and except as provided in subsection (2) of this section

and subsection (4) of Section 2A-527 of this title, takes subject to

the existing lease contract. A lessor with voidable title has power

to transfer a good leasehold interest to a good faith subsequent

lessee for value, but only to the extent set forth in the preceding

sentence. If goods have been delivered under a transaction of

purchase, the lessor has that power even though:

(a) the lessor's transferor was deceived as to the

identity of the lessor;

(b) the delivery was in exchange for a check which is

later dishonored;

(c) it was agreed that the transaction was to be a "cash

sale"; or

(d) the delivery was procured through fraud punishable as

larcenous under the criminal law.

(2) A subsequent lessee in the ordinary course of business from

a lessor who is a merchant dealing in goods of that kind to whom the

goods were entrusted by the existing lessee of that lessor before

the interest of the subsequent lessee became enforceable against

that lessor obtains, to the extent of the leasehold interest

transferred, all of that lessor's and the existing lessee's rights

to the goods, and takes free of the existing lease contract.

(3) A subsequent lessee from the lessor of goods that are

subject to an existing lease contract and are covered by a

certificate of title issued under a statute of this state or of

another jurisdiction takes no greater rights than those provided

both by this section and by the certificate of title statute.