Okla. Stat. tit. 12A, § 12A-8-116: Securities Intermediary as Purchaser for Value

Securities Intermediary as Purchaser for Value.

A securities intermediary that receives a financial asset and

establishes a security entitlement to the financial asset in favor

of an entitlement holder is a purchaser for value of the financial

asset. A securities intermediary that acquires a security

entitlement to a financial asset from another securities

intermediary acquires the security entitlement for value if the

securities intermediary acquiring the security entitlement

establishes a security entitlement to the financial asset in favor

of an entitlement holder.