Oklahoma SB988 transfers authority over secured transactions from the Secretary of State to the Oklahoma County Clerk, including fees and central.
Oklahoma SB988 amends the Uniform Commercial Code to transfer authority over secured transactions from the Secretary of State to the Oklahoma County Clerk. This includes the management of fees and the central filing system for financing statements. The Oklahoma County Clerk is now responsible for developing and implementing the central filing system, including obtaining necessary certification from the USDA. The bill also modifies fee structures, transferring certain fees from the Secretary of State to the Oklahoma County Clerk. The changes are set to take effect on July 1, 2025.
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- Legal Framework
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