{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-1-9-611","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-1-9-611","heading":"Notification before disposition of collateral","body":"NOTIFICATION BEFORE DISPOSITION OF COLLATERAL\n\n(a) In this section, \"notification date\" means the earlier of\n\nthe date on which:\n\n(1) a secured party sends to the debtor and any secondary\n\nobligor a signed notification of disposition; or\n\n(2) the debtor and any secondary obligor waive the right to\n\nnotification.\n\n(b) Except as otherwise provided in subsection (d) of this\n\nsection, a secured party that disposes of collateral under Section\n\n1-9-610 of this title shall send to the persons specified in\n\nsubsection (c) of this section a reasonable signed notification of\n\ndisposition.\n\n(c) To comply with subsection (b) of this section, the secured\n\nparty shall send a signed notification of disposition to:\n\n(1) the debtor;\n\n(2) any secondary obligor; and\n\n(3) if the collateral is other than consumer goods:\n\n(A) any other person from which the secured party has\n\nreceived, before the notification date, a signed\n\nnotification of a claim of an interest in the\n\ncollateral;\n\n(B) any other secured party or lienholder that, ten (10)\n\ndays before the notification date, held a security\n\ninterest in or other lien on the collateral perfected\n\nby the filing of a financing statement that:\n\n(i) identified the collateral;\n\n(ii) was indexed under the debtor's name as of that\n\ndate; and\n\n(iii) was filed in the office in which to file a\n\nfinancing statement against the debtor covering\n\nthe collateral as of that date; and\n\n(C) any other secured party that, ten (10) days before the\n\nnotification date, held a security interest in the\n\ncollateral perfected by compliance with a statute,\n\nregulation, or treaty described in subsection (a) of\n\nSection 1-9-311 of this title.\n\n(d) Subsection (b) of this section does not apply if the\n\ncollateral is perishable or threatens to decline speedily in value\n\nor is of a type customarily sold on a recognized market.\n\n(e) A secured party complies with the requirement for\n\nnotification prescribed by subparagraph (B) of paragraph (3) of\n\nsubsection (c) of this section if:\n\n(1) not later than twenty (20) days or earlier than thirty (30)\n\ndays before the notification date, the secured party requests, in a\n\ncommercially reasonable manner, information concerning financing\n\nstatements indexed under the debtor's name in the office indicated\n\nin subparagraph (B) of paragraph (3) of subsection (c) of this\n\nsection; and\n\n(2) before the notification date, the secured party:\n\n(A) did not receive a response to the request for\n\ninformation; or\n\n(B) received a response to the request for information and\n\nsent a signed notification of disposition to each\n\nsecured party or other lienholder named in that\n\nresponse whose financing statement covered the\n\ncollateral.","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":"11412a911aabfdef5236a208b9ac470dea667423120e4758b2d7bbc24e9e5282","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-1-9-610","next":"us-ok/okla.-stat.-tit.-12a-12a-1-9-612"},"notice":"GroundRules: Original legal text. Not legal advice."}