Okla. Stat. tit. 12A, § 12A-8-103: Rules for determining whether certain obligations and

interests are securities or financial assets.

Rules for Determining Whether Certain Obligations and Interests

Are Securities or Financial Assets.

(a) A share or similar equity interest issued by a corporation,

business trust, joint stock company, or similar entity is a

security.

(b) An "investment company security" is a security.

"Investment company security" means a share or similar equity

interest issued by an entity that is registered as an investment

company under the federal investment company laws, an interest in a

unit investment trust that is so registered, or a face-amount

certificate issued by a face-amount certificate company that is so

registered. Investment company security does not include an

insurance policy or endowment policy or annuity contract issued by

an insurance company.

(c) An interest in a partnership or limited liability company

is not a security unless it is dealt in or traded on securities

exchanges or in securities markets, its terms expressly provide that

it is a security governed by this article, or it is an investment

company security. However, an interest in a partnership or limited

liability company is a financial asset if it is held in a securities

account.

(d) A writing that is a security certificate is governed by

this article and not by Article 3 of this code, even though it also

meets the requirements of that article. However, a negotiable

instrument governed by Article 3 of this code is a financial asset

if it is held in a securities account.

(e) An option or similar obligation issued by a clearing

corporation to its participants is not a security, but is a

financial asset.

(f) A commodity contract, as defined in paragraph (15) of

subsection (a) of Section 1-9-102 of this title, is not a security

or a financial asset.

(g) A document of title is not a financial asset unless

subparagraph (iii) of paragraph (9) of subsection (a) of Section 8-

102 of this title applies.

(h) A controllable account, controllable electronic record, or

controllable payment intangible is not a financial asset unless

subparagraph (iii) of paragraph 9 of subsection (a) of Section 8-102

of this title applies.