Okla. Stat. tit. 12A, § 12A-1-9-106: Control of investment property
Where this section sits in the code
- OK Code
- Title 12A
CONTROL OF INVESTMENT PROPERTY
(a) A person has control of a certificated security,
uncertificated security, or security entitlement as provided in
Section 8-106 of this title.
(b) A secured party has control of a commodity contract if:
(1) the secured party is the commodity intermediary with which
the commodity contract is carried; or
(2) the commodity customer, secured party, and commodity
intermediary have agreed that the commodity intermediary will apply
any value distributed on account of the commodity contract as
directed by the secured party without further consent by the
commodity customer.
(c) A secured party having control of all security entitlements
or commodity contracts carried in a securities account or commodity
account has control over the securities account or commodity
account.
Collected 2026-09-14T18:32:36Z. Source file · JSON