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OK SB2105

Bill

Official Source

Status

Engrossed

3/4/2010

Primary Sponsor

Rex Duncan

Click for details

Origin

Senate

2010 Regular Session

AI Summary

SB 2105 Summary

  • Amends the Uniform Commercial Code (12A O.S. 2001, Section 1-9-501) regarding where to file financing statements to perfect security interests and agricultural liens.

  • Specifies that financing statements for farm products as defined in Section 1-9-320.2 must be filed with the Oklahoma Secretary of State, rather than with county clerks.

  • Requires that effective financing statements covering farm products filed with the Secretary of State pursuant to Section 1-9-320.1 et seq. satisfy the filing requirements.

  • Effective date is November 1, 2010.

Legislative Description

Uniform Commercial Code; specifying office in which to file certain financing statement. Effective date.

Public Finance

Last Action

Second Reading referred to Judiciary

3/16/2010

Committee Referrals

Judiciary2/2/2010

Full Bill Text

No bill text available