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

Okla. Stat. tit. 12A, § 12A-7-206: Termination of storage at warehouse's option

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  1. OK Code
  2. Title 12A

Termination of Storage at Warehouse’s Option.

(a) A warehouse, by giving notice to the person on whose

account the goods are held and any other person known to claim an

interest in the goods, may require payment of any charges and

removal of the goods from the warehouse at the termination of the

period of storage fixed by the document of title, or, if a period is

not fixed, within a stated period not less than thirty (30) days

after the warehouse gives notice. If the goods are not removed

before the date specified in the notice, the warehouse may sell them

pursuant to Section 7-210 of this title.

(b) If a warehouse in good faith believes that goods are about

to deteriorate or decline in value to less than the amount of its

lien within the time provided in subsection (a) of this section and

Section 7-210 of this title, the warehouse may specify in the notice

given under subsection (a) of this section any reasonable shorter

time for removal of the goods and, if the goods are not removed, may

sell them at public sale held not less than one (1) week after a

single advertisement or posting.

(c) If, as a result of a quality or condition of the goods of

which the warehouse did not have notice at the time of deposit, the

goods are a hazard to other property, the warehouse facilities, or

other persons, the warehouse may sell the goods at public or private

sale without advertisement or posting on reasonable notification to

all persons known to claim an interest in the goods. If the

warehouse, after a reasonable effort, is unable to sell the goods,

it may dispose of them in any lawful manner and does not incur

liability by reason of that disposition.

(d) A warehouse shall deliver the goods to any person entitled

to them under this article upon due demand made at any time before

sale or other disposition under this section.

(e) A warehouse may satisfy its lien from the proceeds of any

sale or disposition under this section but shall hold the balance

for delivery on the demand of any person to which the warehouse

would have been bound to deliver the goods.

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

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