Okla. Stat. tit. 12A, § 12A-8-104
This is the official text of Okla. Stat. tit. 12A, § 12A-8-104, 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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Acquisition of Security on Financial Asset or Interest
Official statutory text
Therein.
Acquisition of Security on Financial Asset or Interest Therein.
(a) A person acquires a security or an interest therein, under
this article, if:
(1) the person is a purchaser to whom a security is
delivered pursuant to Section 8-301 of this title; or
(2) the person acquires a security entitlement to the
security pursuant to Section 8-501 of this title.
(b) A person acquires a financial asset, other than a security,
or an interest therein, under this article, if the person acquires a
security entitlement to the financial asset.
(c) A person who acquires a security entitlement to a security
or other financial asset has the rights specified in Part 5 of this
code, but is a purchaser of any security, security entitlement, or
other financial asset held by the securities intermediary only to
the extent provided in Section 8-503 of this title.
(d) Unless the context shows that a different meaning is
intended, a person who is required by other law, regulation, rule,
or agreement to transfer, deliver, present, surrender, exchange, or
otherwise put in the possession of another person a security or
financial asset satisfied that requirement by causing the other
person to acquire an interest in the security or financial asset
pursuant to subsection (a) or (b) of this section.
Acquisition of Security on Financial Asset or Interest Therein.
(a) A person acquires a security or an interest therein, under
this article, if:
(1) the person is a purchaser to whom a security is
delivered pursuant to Section 8-301 of this title; or
(2) the person acquires a security entitlement to the
security pursuant to Section 8-501 of this title.
(b) A person acquires a financial asset, other than a security,
or an interest therein, under this article, if the person acquires a
security entitlement to the financial asset.
(c) A person who acquires a security entitlement to a security
or other financial asset has the rights specified in Part 5 of this
code, but is a purchaser of any security, security entitlement, or
other financial asset held by the securities intermediary only to
the extent provided in Section 8-503 of this title.
(d) Unless the context shows that a different meaning is
intended, a person who is required by other law, regulation, rule,
or agreement to transfer, deliver, present, surrender, exchange, or
otherwise put in the possession of another person a security or
financial asset satisfied that requirement by causing the other
person to acquire an interest in the security or financial asset
pursuant to subsection (a) or (b) of this section.
Status: in_force · Read it on the official government site
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