Okla. Stat. tit. 12A, § 12A-1-9-208: Additional duties of secured party having control of

collateral.

ADDITIONAL DUTIES OF SECURED PARTY

HAVING CONTROL OF COLLATERAL

(a) This section applies to cases in which there is no

outstanding secured obligation and the secured party is not

committed to make advances, incur obligations, or otherwise give

value.

(b) Within ten (10) days after receiving a signed demand by the

debtor:

(1) a secured party having control of a deposit account under

paragraph (2) of subsection (a) of Section 1-9-104 of this title

shall send to the bank with which the deposit account is maintained

a signed record that releases the bank from any further obligation

to comply with instructions originated by the secured party;

(2) a secured party having control of a deposit account under

paragraph (3) of subsection (a) of Section 1-9-104 of this title

shall:

(A) pay the debtor the balance on deposit in the deposit

account; or

(B) transfer the balance on deposit into a deposit account

in the debtor's name;

(3) a secured party, other than a buyer, having control under

Section 1-9-105 of this title of an authoritative electronic copy of

a record evidencing chattel paper shall transfer control of the

electronic copy to the debtor or a person designated by the debtor;

(4) a secured party having control of investment property under

paragraph (2) of subsection (d) of Section 8-106 of this title or

subsection (b) of Section 1-9-106 of this title shall send to the

securities intermediary or commodity intermediary with which the

security entitlement or commodity contract is maintained a signed

record that releases the securities intermediary or commodity

intermediary from any further obligation to comply with entitlement

orders or directions originated by the secured party;

(5) a secured party having control of a letter-of-credit right

under Section 1-9-107 of this title shall send to each person having

an unfulfilled obligation to pay or deliver proceeds of the letter

of credit to the secured party a signed release from any further

obligation to pay or deliver proceeds of the letter of credit to the

secured party;

(6) a secured party having control under Section 7-106 of this

title of an authoritative electronic copy of an electronic document

shall transfer control of the electronic copy to the debtor or a

person designated by the debtor; and

(7) a secured party having control under Section 12-105 of this

title of a controllable electronic record, other than a buyer of a

controllable account or controllable payment intangible evidenced by

the controllable electronic record, shall transfer control of the

controllable electronic record to the debtor or a person designated

by the debtor.