{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-1-9-205","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-1-9-205","heading":"Use or disposition of collateral permissible","body":"USE OR DISPOSITION OF COLLATERAL PERMISSIBLE\n\n(a) A security interest is not invalid or fraudulent against\n\ncreditors solely because:\n\n(1) the debtor has the right or ability to:\n\n(A) use, commingle, or dispose of all or part of the\n\ncollateral, including returned or repossessed goods;\n\n(B) collect, compromise, enforce, or otherwise deal with\n\ncollateral;\n\n(C) accept the return of collateral or make repossessions;\n\nor\n\n(D) use, commingle, or dispose of proceeds; or\n\n(2) the secured party fails to require the debtor to account\n\nfor proceeds or replace collateral.\n\n(b) This section does not relax the requirements of possession\n\nif attachment, perfection, or enforcement of a security interest\n\ndepends upon possession of the collateral by the secured party.","path":["OK Code","Title 12A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"6c731741a8f07a1442143a4a5d72ed10f15c3d6c0d79f4c22218de29c58f93ce","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-1-9-204","next":"us-ok/okla.-stat.-tit.-12a-12a-1-9-206"},"notice":"GroundRules: Original legal text. Not legal advice."}