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

Okla. Stat. tit. 12A, § 12A-2A-531: Standing to sue third parties for injury to goods

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  1. OK Code
  2. Title 12A

STANDING TO SUE THIRD PARTIES FOR INJURY TO GOODS

(1) If a third party so deals with goods that have been

identified to a lease contract as to cause actionable injury to a

party to the lease contract:

(a) the lessor has a right of action against the

third party, and

(b) the lessee also has a right of action against

the third party if the lessee:

(i) has a security interest in the goods;

(ii) has an insurable interest in the goods; or

(iii) bears the risk of loss under the lease

contract or has since the injury assumed that risk as against the

lessor and the goods have been converted or destroyed.

(2) If at the time of the injury the party plaintiff did not

bear the risk of loss as against the other party to the lease

contract and there is no arrangement between them for disposition of

the recovery, his suit or settlement, subject to his own interest,

is as a fiduciary for the other party to the lease contract.

(3) Either party with the consent of the other may sue for the

benefit of whom it may concern.

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

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