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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-1-9-104: Control of deposit account

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Where this section sits in the code
  1. OK Code
  2. Title 12A

CONTROL OF DEPOSIT ACCOUNT

(a) A secured party has control of a deposit account if:

(1) the secured party is the bank with which the deposit

account is maintained;

(2) the debtor, secured party, and bank have agreed in a

signed record that the bank will comply with

instructions originated by the secured party directing

disposition of the funds in the deposit account

without further consent by the debtor;

(3) the secured party becomes the bank's customer with

respect to the deposit account; or

(4) another person, other than the debtor:

(A) has control of the deposit account and

acknowledges that it has control on behalf of the

secured party; or

(B) obtains control of the deposit account after

having acknowledged that it will obtain control

of the deposit account on behalf of the secured

party.

(b) A secured party that has satisfied subsection (a) of this

section has control, even if the debtor retains the right to direct

the disposition of funds from the deposit account.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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