Okla. Stat. tit. 12A, § 12A-8-109: Warranties in Indirect Holding

Warranties in Indirect Holding.

(a) A person who originates an entitlement order to a

securities intermediary warrants to the securities intermediary

that:

(1) the entitlement order is made by an appropriate

person, or if the entitlement order is by an agent,

the agent has actual authority to act on behalf of the

appropriate person; and

(2) there is no adverse claim to the security entitlement.

(b) A person who delivers a security certificate to a

securities intermediary for credit to a securities account or

originates an instruction with respect to an uncertificated security

directing that the uncertificated security be credited to a

securities account makes to the securities intermediary the

warranties specified in subsection (a) or (b) of Section 8-108 of

this title.

(c) If a securities intermediary delivers a security

certificate to its entitlement holder or causes its entitlement

holder to be registered as the owner of an uncertificated security,

the securities intermediary makes to the entitlement holder the

warranties specified in subsection (a) or (b) of Section 8-108 of

this title.