Okla. Stat. tit. 12A, § 12A-8-109
This is the official text of Okla. Stat. tit. 12A, § 12A-8-109, 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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Warranties in Indirect Holding
Official statutory text
Warranties in Indirect Holding.
(a) A person who originates an entitlement order to a
securities intermediary warrants to the securities intermediary
that:
(1) the entitlement order is made by an appropriate
person, or if the entitlement order is by an agent,
the agent has actual authority to act on behalf of the
appropriate person; and
(2) there is no adverse claim to the security entitlement.
(b) A person who delivers a security certificate to a
securities intermediary for credit to a securities account or
originates an instruction with respect to an uncertificated security
directing that the uncertificated security be credited to a
securities account makes to the securities intermediary the
warranties specified in subsection (a) or (b) of Section 8-108 of
this title.
(c) If a securities intermediary delivers a security
certificate to its entitlement holder or causes its entitlement
holder to be registered as the owner of an uncertificated security,
the securities intermediary makes to the entitlement holder the
warranties specified in subsection (a) or (b) of Section 8-108 of
this title.
(a) A person who originates an entitlement order to a
securities intermediary warrants to the securities intermediary
that:
(1) the entitlement order is made by an appropriate
person, or if the entitlement order is by an agent,
the agent has actual authority to act on behalf of the
appropriate person; and
(2) there is no adverse claim to the security entitlement.
(b) A person who delivers a security certificate to a
securities intermediary for credit to a securities account or
originates an instruction with respect to an uncertificated security
directing that the uncertificated security be credited to a
securities account makes to the securities intermediary the
warranties specified in subsection (a) or (b) of Section 8-108 of
this title.
(c) If a securities intermediary delivers a security
certificate to its entitlement holder or causes its entitlement
holder to be registered as the owner of an uncertificated security,
the securities intermediary makes to the entitlement holder the
warranties specified in subsection (a) or (b) of Section 8-108 of
this title.
Status: in_force · Read it on the official government site
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