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

Okla. Stat. tit. 12A, § 12A-8-115: Securities Intermediary and Others Not Liable to

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  1. OK Code
  2. Title 12A

Adverse Claimant.

Securities Intermediary and Others Not Liable to Adverse

Claimant.

A securities intermediary that has transferred a financial asset

pursuant to an effective entitlement order, or a broker or other

agent or bailee that has dealt with a financial asset at the

direction of its customer or principal, is not liable to a person

having an adverse claim to the financial asset, unless the

securities intermediary, or broker or other agent or bailee:

(1) took the action after it has been served with an

injunction, restraining order, or other legal process

enjoining it from doing so, issued by a court of

competent jurisdiction, and had a reasonable

opportunity to act on the injunction, restraining

order, or other legal process; or

(2) acted in collusion with the wrongdoer in violating the

rights of the adverse claimant; or

(3) in the case of a security certificate that has been

stolen, acted with notice of the adverse claim.

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

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