Okla. Stat. tit. 12A § 1-9-606

Current through Laws 2024, c. 453.

Section 1-9-606 - Time of default for agricultural lien

For purposes of this part, a default occurs in connection with an agricultural lien at the time the secured party becomes entitled to enforce the lien in accordance with the statute under which it was created.

Okla. Stat. tit. 12A, § 1-9-606

Added by Laws 2000 , SB 1519, c. 371, § 113, eff. 7/1/2001.

Oklahoma Code Comment

Revised section 9-606 is new, in keeping with the incorporation of agricultural liens into the scope of revised Article 9.

In Oklahoma, agricultural liens arise under such provisions as 42 Okla. Stat. sections 47, 48, 111 , and 115 as well as 2 Okla. Stat. sections 3-50.9 and 3-50.9a . Statutory enforcement tracks through their accompanying provisions and 42 Okla. Stat. section 91 .

See generally Drew L. Kershen and Alvin C. Harrell, Agricultural Finance-Comparing the Current and Revised Article 9, 33 U.C.C. L.J. 169 (2000).