Oklahoma § 4-201.3 - Livestock lien - Existence - Validity

§ 4-201.3. Livestock lien - Existence - Validity

A. To secure the obligations of a first purchaser to pay the

sales price, every livestock owner is granted a lien in all

livestock sold by such livestock owner, for any unpaid portion of

the sales price for such livestock. The lien granted by this act is

granted and shall exist as part of and incident to the ownership of

livestock.

B. An owner’s lien:

1. Exists in and attaches immediately to all livestock on the

effective date of this act;

2. Continues uninterrupted and without lapse in all livestock

upon and after sale of any livestock; and

3. Continues uninterrupted and without lapse in and to all

proceeds.

C. An owner’s lien exists until the livestock owner or sales

agent entitled to receive the sales price has received the full

amount of the sales price. Any security interest or mortgage lien

of an owner’s lender shall attach to the livestock owner’s right to

an owner’s lien in livestock or proceeds from the sale of the

livestock. An owner’s lender shall not be considered to have waived

its security interest or mortgage lien or right in an owner’s lien

by approving or authorizing the livestock owner to sell the

livestock pursuant to the sales agreement.

Oklahoma Statutes - Title 4. Animals

D. The validity of an owner’s lien shall not be dependent on

possession of the livestock by a livestock owner or sales agent. No

owner’s lien shall become or be deemed to be void or expired by

reason of a change or transfer of the actual or constructive

possession of or title to the livestock from the livestock owner or

sales agent to a first purchaser or subsequent purchaser.

Added by Laws 2011, c. 123, § 4, eff. Nov. 1, 2011.