Okla. Stat. tit. 12A, § 12A-2A-305: Sale or sublease of goods by lessee

SALE OR SUBLEASE OF GOODS BY LESSEE

(1) Subject to the provisions of Section 33 of this act, a

buyer or sublessee from the lessee of goods under an existing lease

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

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

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

and subsection (4) of Section 58 of this act, takes subject to the

existing lease contract. A lessee with a voidable leasehold

interest has power to transfer a good leasehold interest to a good

faith buyer for value or a good faith sublessee for value, but only

to the extent provided for a buyer or sublessee from the lessee of

goods under an existing lease contract. When goods have been

delivered under a transaction of lease the lessee has that power

even though:

(a) the lessor was deceived as to the identity of

the lessee;

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

is later dishonored; or

(c) the delivery was procured through fraud

punishable as larcenous under the criminal law.

(2) A buyer in the ordinary course of business or a sublessee

in the ordinary course of business from a lessee who is a merchant

dealing in goods of that kind to whom the goods were entrusted by

the lessor obtains, to the extent of the interest transferred, all

of the lessor's and lessee's rights to the goods, and takes free of

the existing lease contract.

(3) A buyer or sublessee from the lessee 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.