{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-1-9-323","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-1-9-323","heading":"Future advances","body":"FUTURE ADVANCES\n\n(a) Except as otherwise provided in subsection (c) of this\n\nsection, for purposes of determining the priority of a perfected\n\nsecurity interest under paragraph (1) of subsection (a) of Section\n\n1-9-322 of this title, perfection of the security interest dates\n\nfrom the time an advance is made to the extent that the security\n\ninterest secures an advance that:\n\n(1) is made while the security interest is perfected only:\n\n(A) under Section 1-9-309 of this title when it attaches;\n\nor\n\n(B) temporarily under subsection (e), (f), or (g) of\n\nSection 1-9-312 of this title; and\n\n(2) is not made pursuant to a commitment entered into before or\n\nwhile the security interest is perfected by a method other than\n\nunder Section 1-9-309 or subsection (e), (f), or (g) of Section 1-9-\n\n312 of this title.\n\n(b) Except as otherwise provided in subsection (c) of this\n\nsection, a security interest is subordinate to the rights of a\n\nperson that becomes a lien creditor to the extent that the security\n\ninterest secures an advance made more than forty-five (45) days\n\nafter the person becomes a lien creditor unless the advance is made:\n\n(1) without knowledge of the lien; or\n\n(2) pursuant to a commitment entered into without knowledge of\n\nthe lien.\n\n(c) Subsections (a) and (b) of this section do not apply to a\n\nsecurity interest held by a secured party that is a buyer of\n\naccounts, chattel paper, payment intangibles, or promissory notes or\n\na consignor.\n\n(d) Except as otherwise provided in subsection (e) of this\n\nsection, a buyer of goods takes free of a security interest to the\n\nextent that it secures advances made after the earlier of:\n\n(1) the time the secured party acquires knowledge of the\n\nbuyer's purchase; or\n\n(2) forty-five (45) days after the purchase.\n\n(e) Subsection (d) of this section does not apply if the\n\nadvance is made pursuant to a commitment entered into without\n\nknowledge of the buyer's purchase and before the expiration of the\n\nforty-five-day period.\n\n(f) Except as otherwise provided in subsection (g) of this\n\nsection, a lessee of goods takes the leasehold interest free of a\n\nsecurity interest to the extent that it secures advances made after\n\nthe earlier of:\n\n(1) the time the secured party acquires knowledge of the lease;\n\nor\n\n(2) Forty-five (45) days after the lease contract becomes\n\nenforceable.\n\n(g) Subsection (f) of this section does not apply if the\n\nadvance is made pursuant to a commitment entered into without\n\nknowledge of the lease and before the expiration of the forty-five-\n\nday period.","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":"3e573c80708c09cdc1a655f0b39768aa88b16d0f6d49b317c53577c8de617534","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-1-9-322","next":"us-ok/okla.-stat.-tit.-12a-12a-1-9-324"},"notice":"GroundRules: Original legal text. Not legal advice."}