Okla. Stat. tit. 12A, § 12A-8-401: Duty of Issuer to Register Transfer

Duty of Issuer to Register Transfer.

(a) If a certificated security in registered form is presented

to an issuer with a request to register transfer or an instruction

is presented to an issuer with a request to register transfer of an

uncertificated security, the issuer shall register the transfer as

requested if:

(1) under the terms of the security the person seeking

registration of transfer is eligible to have the

security registered in its name;

(2) the indorsement or instruction is made by the

appropriate person or by an agent who has actual

authority to act on behalf of the appropriate person;

(3) reasonable assurance is given that the indorsement or

instruction is genuine and authorized;

(4) any applicable law relating to the collection of taxes

has been complied with;

(5) the transfer does not violate any restriction on

transfer imposed by the issuer in accordance with

Section 8-204 of this title;

(6) a demand that the issuer not register transfer has not

become effective under Section 8-403 of this title, or

the issuer has complied with subsection (b) of Section

8-403 of this title but no legal process or indemnity

bond is obtained as provided in subsection (d) of

Section 8-403 of this title; and

(7) the transfer is in fact rightful or is to a protected

purchaser.

(b) If an issuer is under a duty to register a transfer of a

security, the issuer is liable to a person presenting a certificated

security or an instruction for registration or to the person's

principal for loss resulting from unreasonable delay in registration

or failure or refusal to register the transfer.