Okla. Stat. tit. 12A, § 12A-12-105: Control of controllable electronic record

CONTROL OF CONTROLLABLE ELECTRONIC RECORD

(a) A person has control of a controllable electronic record if

the electronic record, a record attached to or logically associated

with the electronic record, or a system in which the electronic

record is recorded:

(1) gives the person:

(A) power to avail itself of substantially all the benefit

from the electronic record; and

(B) exclusive power, subject to subsection (b) of this

section, to:

(i) prevent others from availing themselves of

substantially all the benefit from the electronic

record; and

(ii) transfer control of the electronic record to

another person or cause another person to obtain

control of another controllable electronic record

as a result of the transfer of the electronic

record; and

(2) enables the person readily to identify itself in any way,

including by name, identifying number, cryptographic key, office, or

account number, as having the powers specified in paragraph (1) of

this subsection.

(b) Subject to subsection (c) of this section, a power is

exclusive under divisions (i) and (ii) of subparagraph (B) of

paragraph (1) of subsection (a) of this section even if:

(1) the controllable electronic record, a record attached to or

logically associated with the electronic record, or a system in

which the electronic record is recorded limits the use of the

electronic record or has a protocol programmed to cause a change,

including a transfer or loss of control or a modification of

benefits afforded by the electronic record; or

(2) the power is shared with another person.

(c) A power of a person is not shared with another person under

paragraph (2) of subsection (b) of this section and the person's

power is not exclusive if:

(1) the person can exercise the power only if the power also is

exercised by the other person; and

(2) the other person:

(A) can exercise the power without exercise of the power

by the person; or

(B) is the transferor to the person of an interest in the

controllable electronic record or a controllable

account or controllable payment intangible evidenced

by the controllable electronic record.

(d) If a person has the powers specified in divisions (i) and

(ii) of subparagraph (B) of paragraph (1) of subsection (a) of this

section, the powers are presumed to be exclusive.

(e) A person has control of a controllable electronic record if

another person, other than the transferor to the person of an

interest in the controllable electronic record or a controllable

account or controllable payment intangible evidenced by the

controllable electronic record:

(1) has control of the electronic record and acknowledges that

it has control on behalf of the person; or

(2) obtains control of the electronic record after having

acknowledged that it will obtain control of the electronic record on

behalf of the person.

(f) A person that has control under this section is not

required to acknowledge that it has control on behalf of another

person.

(g) If a person acknowledges that it has or will obtain control

on behalf of another person, unless the person otherwise agrees or

law other than this article or Article 9 of this title otherwise

provides, the person does not owe any duty to the other person and

is not required to confirm the acknowledgment to any other person.