Three pieces of RRA9 legislation were introduced on February 2, 2015 in the State Legislature of Oklahoma - the remaining state yet to transition to RRA9. The three bills, House Bill 1773 and Senate Bills 175 and 421 adopt Alternative A for the Name of Debtor provision and appear uniform. Both House Bill 1773 and Senate Bill 175 have an effective date of July 1, 2016. However, if enacted, Senate Bill 421 would be effective 11/1//2015.
In the meantime, Oklahoma continues to accept both the old (2002 version) and new (2011 version) UCC forms and states that it will not reject filings that lack the tax ID, jurisdiction or type of entity. We recommend that filers use the 2002 form because it has fields for this information and is compliant with the Oklahoma code, which requires this information.
Watch this blog for updates on the progress of Oklahoma’s legislation.