{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-1-9-622","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-1-9-622","heading":"Effect of acceptance of collateral","body":"EFFECT OF ACCEPTANCE OF COLLATERAL\n\n(a) A secured party’s acceptance of collateral in full or\n\npartial satisfaction of the obligation it secures:\n\n(1) discharges the obligation to the extent consented to by the\n\ndebtor;\n\n(2) transfers to the secured party all of a debtor’s rights in\n\nthe collateral;\n\n(3) discharges the security interest or agricultural lien that\n\nis the subject of the debtor’s consent and any subordinate security\n\ninterest or other subordinate lien; and\n\n(4) terminates any other subordinate interest.\n\n(b) A subordinate interest is discharged or terminated under\n\nsubsection (a) of this section, even if the secured party fails to\n\ncomply with this article.","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":"170205bb2bf4960dbcfd14e7021ba883ffcd805cc77b87916a0554ec26588020","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-1-9-621","next":"us-ok/okla.-stat.-tit.-12a-12a-1-9-623"},"notice":"GroundRules: Original legal text. Not legal advice."}