Okla. Stat. tit. 12A, § 12A-8-102

Definitions.

(a) In this article:

(1) "Adverse claim" means a claim that a claimant has a

property interest in a financial asset and that it is

a violation of the rights of the claimant for another

person to hold, transfer or deal with the financial

asset;

(2) "Bearer form", as applied to a certificated security,

means a form in which the security is payable to the

bearer of the security certificate according to its

term but not by reason of an indorsement;

(3) "Broker" means a person defined as a broker or dealer

under the federal securities laws, but without

excluding a bank acting in that capacity;

(4) "Certificated security" means a security that is

represented by a certificate;

(5) "Clearing corporation" means:

(i) a person that is registered as a "clearing

agency" under the federal securities laws;

(ii) a federal reserve bank; or

(iii) any other person that provides clearance or

settlement services with respect to financial

assets that would require it to register as a

clearing agency under the federal securities laws

but for an exclusion or exemption from the

registration requirement, if its activities as a

clearing corporation, including promulgation of

rules, are subject to regulation by a federal or

state governmental authority;

(6) "Communicate" means to:

(i) send a signed record; or

(ii) transmit information by any mechanism agreed upon

by the persons transmitting and receiving the

information;

(7) "Entitlement holder" means a person identified in the

records of a securities intermediary as the person

having a security entitlement against the securities

intermediary. If a person acquires a security

entitlement by virtue of paragraph (2) or (3) of

subsection (b) of Section 8-501 of this title, that

person is the entitlement holder;

(8) "Entitlement order" means a notification communicated

to a securities intermediary directing transfer or

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redemption of a financial asset to which the

entitlement holder has a security entitlement;

(9) "Financial asset", except as otherwise provided in

Section 8-103 of this title, means:

(i) a security;

(ii) an obligation of a person or a share,

participation or other interest in a person or in

property or an enterprise of a person, which is,

or is of a type, dealt in or traded on financial

markets, or which is recognized in any area in

which it is issued or dealt in as a medium for

investment; or

(iii) any property that is held by a securities

intermediary for another person in a securities

account if the securities intermediary has

expressly agreed with the other person that the

property is to be treated as a financial asset

under this article.

As context requires, the term means either the

interest itself or the means by which a person's claim

to it is evidenced, including a certificated or

uncertificated security, a security certificate, or a

security entitlement;

(10) "Good faith", for purposes of the obligation of good

faith in the performance or enforcement of contracts

or duties within this article, means honesty in fact

and the observance of reasonable commercial standards

of fair dealing;

(11) "Indorsement" means a signature that alone or

accompanied by other words is made on a security

certificate in registered form or on a separate

document for the purpose of assigning, transferring or

redeeming the security or granting a power to assign,

transfer, or redeem it;

(12) "Instruction" means a notification communicated to the

issuer of an uncertificated security which directs

that the transfer of the security be registered or

that the security be redeemed;

(13) "Registered form", as applied to a certificate

security, means a form in which:
urpose of assigning, transferring or

redeeming the security or granting a power to assign,

transfer, or redeem it;

(12) "Instruction" means a notification communicated to the

issuer of an uncertificated security which directs

that the transfer of the security be registered or

that the security be redeemed;

(13) "Registered form", as applied to a certificate

security, means a form in which:

(i) the security certificate specifies a person

entitled to the security; and

(ii) a transfer of the security may be registered upon

books maintained for that purpose by or on behalf

of the issuer, or the security certificate so

states;

(14) "Securities intermediary" means:

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(i) a clearing corporation; or

(ii) a person, including a bank or broker, that in the

ordinary course of its business maintains

securities accounts for others and is acting in

that capacity;

(15) "Security", except as otherwise provided in Section 8-

103 of this title, means an obligation of an issuer or

a share, participation, or other interest in an issuer

or in property or an enterprise of an issuer:

(i) which is represented by a security certificate in

bearer or registered form, or the transfer of

which may be registered upon books maintained for

that purpose by or on behalf of the issuer;

(ii) which is one of a class or series or by its terms

is divisible into a class or series of shares,

participations, interests, or obligations; and

(iii) which:

(A) is, or is of a type, dealt in or traded on

securities exchanges or securities markets;

or

(B) is a medium for investment and by its terms

expressly provides that it is a security

governed by this article;

(16) "Security certificate" means a certificate

representing a security;

(17) "Security entitlement" means the rights and property

interest of an entitlement holder with respect to a

financial asset specified in Part 5 of this article;

and

(18) "Uncertificated security" means a security that is not

represented by a certificate.

(b) The following definitions in this article and other

articles apply to this article:

"Appropriate person". Section 8-107.

"Control". Section 8-106.

"Controllable account". Section 1-9-102.

"Controllable electronic record". Section 12-102.

"Controllable payment intangible". Section 1-9-102.

"Delivery". Section 8-301.

"Investment company security". Section 8-103.

"Issuer". Section 8-201.

"Overissue". Section 8-210.

"Protected purchaser". Section 8-303.

"Securities account". Section 8-501.

(c) In addition, Article 1 contains general definitions and

principles of construction and interpretation applicable throughout

this article.

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(d) The characterization of a person, business, or transaction

for purposes of this article does not determine the characterization

of the person, business, or transaction for purposes of any other

law, regulation, or rule.