Oklahoma § 52-549.6

Full text of Oklahoma Oklahoma Statutes § 52-549.6, with citation guidance and answers to common questions.

§ 52-549.6.

Rights of purchaser.

RIGHTS OF PURCHASERS

A purchaser takes free of any oil and gas lien otherwise

applicable to the oil or gas so purchased, and shall be relieved of

any obligations created by subsection A of Section 570.10 of Title

52 of the Oklahoma Statutes, only in the event that either of the

following occur:

1. The purchaser is deemed to be a buyer in the ordinary course

of the first purchaser's business as defined in Article 9; or

2. The purchaser has paid all of the consideration due the

first purchaser, including by exchange of oil or gas, net-out or

set-off, under all applicable enforceable contracts in existence at

the time of the payment.

Notwithstanding the foregoing, the oil and gas lien will

continue uninterrupted in the proceeds paid to or otherwise due the

first purchaser.

Except as specifically set forth in this section, an oil and gas

lien has priority over the rights of any purchaser.

Added by Laws 2010, c. 142, § 6, emerg. eff. April 19, 2010.

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Frequently Asked Questions About Oklahoma § 52-549.6

What does Oklahoma Statutes § 52-549.6 cover?

Section 52-549.6 is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Oklahoma § 52-549.6?

A common citation format is "Oklahoma Statutes § 52-549.6" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Oklahoma law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.

How does Oklahoma § 52-549.6 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.