Okla. Stat. tit. 12A, § 12A-1-9-106
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-106, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Control of investment property
Official statutory text
CONTROL OF INVESTMENT PROPERTY
(a) A person has control of a certificated security,
uncertificated security, or security entitlement as provided in
Section 8-106 of this title.
(b) A secured party has control of a commodity contract if:
(1) the secured party is the commodity intermediary with which
the commodity contract is carried; or
(2) the commodity customer, secured party, and commodity
intermediary have agreed that the commodity intermediary will apply
any value distributed on account of the commodity contract as
directed by the secured party without further consent by the
commodity customer.
(c) A secured party having control of all security entitlements
or commodity contracts carried in a securities account or commodity
account has control over the securities account or commodity
account.
(a) A person has control of a certificated security,
uncertificated security, or security entitlement as provided in
Section 8-106 of this title.
(b) A secured party has control of a commodity contract if:
(1) the secured party is the commodity intermediary with which
the commodity contract is carried; or
(2) the commodity customer, secured party, and commodity
intermediary have agreed that the commodity intermediary will apply
any value distributed on account of the commodity contract as
directed by the secured party without further consent by the
commodity customer.
(c) A secured party having control of all security entitlements
or commodity contracts carried in a securities account or commodity
account has control over the securities account or commodity
account.
Status: in_force · Read it on the official government site
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