Okla. Stat. tit. 12A, § 12A-8-507: Duty of Securities Intermediary to Comply with

Entitlement Order.

Duty of Securities Intermediary to Comply with Entitlement

Order.

(a) A securities intermediary shall comply with an entitlement

order if the entitlement order is originated by the appropriate

person, the securities intermediary has had reasonable opportunity

to assure itself that the entitlement order is genuine and

authorized, and the securities intermediary has had reasonable

opportunity to comply with the entitlement order. A securities

intermediary satisfies the duty if:

(1) the securities intermediary acts with respect to the

duty as agreed upon by the entitlement holder and the

securities intermediary; or

(2) in the absence of agreement, the securities

intermediary exercises due care in accordance with

reasonable commercial standards to comply with the

entitlement order.

(b) If a securities intermediary transfers a financial asset

pursuant to an ineffective entitlement order, the securities

intermediary shall reestablish a security entitlement in favor of

the person entitled to it, and pay or credit any payments or

distributions that the person did not receive as a result of the

wrongful transfer. If the securities intermediary does not

reestablish a security entitlement, the securities intermediary is

liable to the entitlement holder for damages.