SB 988
Uniform Commercial Code; secured transactions; transferring certain authority from Secretary of State to Oklahoma County Clerk. Effective date.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill changes how Oklahoma handles secured transactions under the Uniform Commercial Code. Currently, the Secretary of State oversees these transactions, but the bill transfers that authority to the Oklahoma County Clerk. This shift aims to streamline the process and potentially improve efficiency in handling liens and security interests. The bill includes an effective date and was passed with an emergency clause, allowing it to take effect immediately.
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