Legal Opinion
First Bethany Bank & Trust, N.A. v. Arvest United Bank
Supreme Court of Oklahoma
Decided July 2, 2003No. 97,310PublishedCited by 1 opinion
1Opinion of the CourtHodges, J.
I. ISSUE
T 1 The dispositive issue presented for our review is whether title 12A, section 9-812(4) of the 1991 Oklahoma Statutes, the law applicable to this appeal, allows an exception to section 9-812(5)'s first-to-file priority rule for a purchase money security interest (PMSI) in accounts receivable. It should be noted that the Oklahoma Commercial Code (OCC), which is based on the Uniform Commercial Code (UCC), was amended in 2001 to clarify that a PMSI in accounts receivable is not entitled under the current law to super-priority status. Okla. Stat. tit. 12A, § 1-9-824(a) (2001).
II FACTS
1…
2Cases cited7 opinions
- Central Washington Bank v. Mendelson-Zeller, Inc.Washington Supreme Court · 1989
- In the Matter of Automated Bookbinding Services, Inc., Bankrupt. Finance Company of America v. Hans Mueller CorporationCourt of Appeals for the Fourth Circuit · 1972
- Northwestern National Bank Southwest v. Lectro Systems, Inc.Supreme Court of Minnesota · 1977
- Crown Cork & Seal Co. v. Central States Southeast & Southwest Areas Pension FundCourt of Appeals for the Third Circuit · 1992
- Citizens National Bank of Denton v. CockrellTexas Supreme Court · 1993
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Everhome Mortgage Co. v. RobeyCourt of Civil Appeals of Oklahoma · 2006