§12A-1-9-320.4. Protection of buyers of farm products, commission
250 words·~1 min read·
/ok/title-12a-uniform-commercial-code/12a-1-9-320-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
merchants and selling agents.
PROTECTION OF BUYERS OF FARM PRODUCTS,
COMMISSION MERCHANTS AND SELLING AGENTS
A buyer of farm products, commission merchant, or selling agent who purchases or sells farm products in the ordinary course of business from or for a person engaged in farming operations takes subject to a security interest in the farm products if:
(i)the buyer of the farm products, commission merchant,
or selling agent has failed to register with the
Oklahoma County Clerk prior to the purchase of the
farm products and the secured party has filed an
effective financing statement that covers the farm
products being sold; or
(ii)the buyer of farm products, commission merchant or
selling agent receives from the Oklahoma County Clerk
written notice as provided in paragraph
(d)or
(f)of
subsection
(4)of Section 1-9-320.6 of this title, and
the buyer of farm products, commission merchant or
selling agent does not secure a waiver or release of
the security interest specified in an effective
financing statement from the secured party by
performing any payment obligation or otherwise; or
(b)the secured party or the seller provides written notice of
the security interest pursuant to the provisions of Section
1-9-320.7 of this title. Added by Laws 1987, c. 69, § 4. Amended by Laws 2000, c. 371, § 44, eff. July 1, 2001. Renumbered from § 9-307.4 of this title by Laws 2000, c. 371, § 183, eff. July 1, 2001. Amended by Laws 2025, c. 419, § 3.