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

Okla. Stat. tit. 12A, § 12A-8-112: Creditor's Legal Process

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  1. OK Code
  2. Title 12A

Creditor's Legal Process.

(a) The interest of a debtor in a certificated security may be

reached by a creditor only by actual seizure of the security

certificate by the officer making the attachment or levy, except as

otherwise provided in subsection (d) of this section. However, a

certificated security for which the certificate has been surrendered

to the issuer may be reached by a creditor by legal process upon the

issuer.

(b) The interest of a debtor in an uncertificated security may

be reached by a creditor only by legal process upon the issuer at

its chief executive office in the United States, except as otherwise

provided in subsection (d) of this section.

(c) The interest of a debtor in a security entitlement may be

reached by a creditor only by legal process upon the securities

intermediary with whom the debtor's securities account is

maintained, except as otherwise provided in subsection (d) of this

section.

(d) The interest of a debtor in a certificated security for

which the certificate is in the possession of a secured party, or in

an uncertificated security registered in the name of a secured

party, or a security entitlement maintained in the name of a secured

party, may be reached by a creditor by legal process upon the

secured party.

(e) A creditor whose debtor is the owner of a certificated

security, uncertificated security, or security entitlement is

entitled to aid from a court of competent jurisdiction, by

injunction or otherwise, in reaching the certificated security,

uncertificated security, or security entitlement or in satisfying

the claim by means allowed at law or in equity in regard to property

that cannot readily be reached by other legal process.

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

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