Receivership; creating the Uniform Commercial Receivership Act; property interests; receivers; security; sanctions; reports; effective date.

Header and page numbering were updated to reflect the Floor Version status, replacing the Committee Substitute title and page references.

The definition of 'Companion' was updated to explicitly include a domestic partner or an individual in a civil union, in addition to a spouse.

The bill title was changed from 'Proposed Policy Committee Substitute' to 'Committee Substitute', reflecting its progression in the legislative process.

The bill's requirement number was updated from 15996 to 16804, and page numbering was adjusted to match the new text structure.

The document header was updated to indicate this is a 'Proposed Policy Committee Substitute' instead of the 'Engrossed' version, and page numbering was adjusted.

The bill title page was replaced with a standard committee amendment form including a motion to amend and a request number.

Page footers were updated to reflect the new substitute version number and request ID.

The official name of the act was changed from the 'Oklahoma Uniform Receivership Act of 2026' to the 'Uniform Commercial Receivership Act' to ensure consistency with other state laws.

New detailed definitions were added for 'affiliate' and 'companion,' explicitly listing family members like siblings, cousins, and domestic partners to clarify who is considered related to an individual or business.

The term 'debtor' was clarified to include a mortgagor, ensuring that homeowners with mortgages are covered under the receivership rules.

A specific definition for 'executory contract' was added, defining it as an agreement where both parties still have unperformed obligations, which helps determine what contracts a receiver can reject.