Okla. Stat. tit. 12A, § 12A-8-106

Control.

(a) A purchaser has "control" of a certificated security in

bearer form if the certificated security is delivered to the

purchaser.

(b) A purchaser has "control" of a certificated security in

registered form if the certificated security is delivered to the

purchaser, and:

(1) the certificate is indorsed to the purchaser or in

blank by an effective endorsement; or

Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 426

(2) the certificate is registered in the name of the

purchaser, upon original issue or registration of

transfer by the issuer.

(c) A purchaser has "control" of an uncertificated security if:

(1) the uncertificated security is delivered to the

purchaser; or

(2) the issuer has agreed that it will comply with

instructions originated by the purchaser without

further consent by the registered owner.

(d) A purchaser has "control" of a security entitlement if:

(1) the purchaser becomes the entitlement holder;

(2) the securities intermediary has agreed that it will

comply with entitlement orders originated by the

purchaser without further consent by the entitlement

holder; or

(3) another person, other than the transferor to the

purchaser of an interest in the security entitlement:

(A) has control of the security entitlement and

acknowledges that it has control on behalf of the

purchaser; or

(B) obtains control of the security entitlement after

having acknowledged that it will obtain control

of the security entitlement on behalf of the

purchaser.

(e) If an interest in a security entitlement is granted by the

entitlement holder to the entitlement holder's own securities

intermediary, the securities intermediary has control.

(f) A purchaser who has satisfied the requirements of

subsection (c) or (d) of this section has control even if the

registered owner in the case of subsection (c) of this section or

the entitlement holder in the case of subsection (d) of this section

retains the right to make substitutions for the uncertificated

security or security entitlement, to originate instructions or

entitlement orders to the issuer or securities intermediary, or

otherwise to deal with the uncertificated security or security

entitlement.

(g) An issuer or a securities intermediary may not enter into

an agreement of the kind described in paragraph (2) of subsection

(c) or paragraph (2) of subsection (d) of this section without the

consent of the registered owner or entitlement holder, but an issuer

or a securities intermediary is not required to enter into such an

agreement even though the registered owner or entitlement holder so

directs. An issuer or securities intermediary that has entered into

such an agreement is not required to confirm the existence of the

agreement to another party unless requested to do so by the

registered owner or entitlement holder.

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(h) A person that has control under this section is not

required to acknowledge that it has control on behalf of a

purchaser.

(i) If a person acknowledges that it has or will obtain control

on behalf of a purchaser, unless the person otherwise agrees or law

other than this article or Article 9 of this title otherwise

provides, the person does not owe any duty to the purchaser and is

not required to confirm the acknowledgment to any other person.