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

Okla. Stat. tit. 12A, § 12A-8-104: Acquisition of Security on Financial Asset or Interest

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  1. OK Code
  2. Title 12A

Therein.

Acquisition of Security on Financial Asset or Interest Therein.

(a) A person acquires a security or an interest therein, under

this article, if:

(1) the person is a purchaser to whom a security is

delivered pursuant to Section 8-301 of this title; or

(2) the person acquires a security entitlement to the

security pursuant to Section 8-501 of this title.

(b) A person acquires a financial asset, other than a security,

or an interest therein, under this article, if the person acquires a

security entitlement to the financial asset.

(c) A person who acquires a security entitlement to a security

or other financial asset has the rights specified in Part 5 of this

code, but is a purchaser of any security, security entitlement, or

other financial asset held by the securities intermediary only to

the extent provided in Section 8-503 of this title.

(d) Unless the context shows that a different meaning is

intended, a person who is required by other law, regulation, rule,

or agreement to transfer, deliver, present, surrender, exchange, or

otherwise put in the possession of another person a security or

financial asset satisfied that requirement by causing the other

person to acquire an interest in the security or financial asset

pursuant to subsection (a) or (b) of this section.

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

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