Oklahoma § 4-201.5 - Commingled livestock - Priority

§ 4-201.5. Commingled livestock - Priority

If livestock subject to an owner’s lien are commingled with

other livestock in such a manner that the identity of the specific

livestock subject to the owner’s lien cannot be determined by

reasonable means, then the owner’s lien continues without

interruption into and attaches to such commingled livestock and is

perfected automatically as of the date of its original perfection

but only as to the percentage of the commingled livestock equal to

the number of livestock to which the owner’s lien originally

attached. In such event, the owner’s lien in the commingled

livestock has priority over any security interest or other lien that

is not an owner’s lien or permitted lien, whether or not the

security interest or other lien has been properly perfected. If

more than one owner’s lien attaches to the commingled livestock,

then the owner’s liens rank equally in the proportion that the

respective sales prices secured by each owner’s lien bears as a

percentage of the total of the sales prices secured by all owner’s

liens applicable at the time the livestock were commingled.

Added by Laws 2011, c. 123, § 6, eff. Nov. 1, 2011.