Okla. Stat. tit. 12A, § 12A-8-112
This is the official text of Okla. Stat. tit. 12A, § 12A-8-112, 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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Creditor's Legal Process
Official statutory text
Creditor's Legal Process.
(a) The interest of a debtor in a certificated security may be
reached by a creditor only by actual seizure of the security
certificate by the officer making the attachment or levy, except as
otherwise provided in subsection (d) of this section. However, a
certificated security for which the certificate has been surrendered
to the issuer may be reached by a creditor by legal process upon the
issuer.
(b) The interest of a debtor in an uncertificated security may
be reached by a creditor only by legal process upon the issuer at
its chief executive office in the United States, except as otherwise
provided in subsection (d) of this section.
(c) The interest of a debtor in a security entitlement may be
reached by a creditor only by legal process upon the securities
intermediary with whom the debtor's securities account is
maintained, except as otherwise provided in subsection (d) of this
section.
(d) The interest of a debtor in a certificated security for
which the certificate is in the possession of a secured party, or in
an uncertificated security registered in the name of a secured
party, or a security entitlement maintained in the name of a secured
party, may be reached by a creditor by legal process upon the
secured party.
(e) A creditor whose debtor is the owner of a certificated
security, uncertificated security, or security entitlement is
entitled to aid from a court of competent jurisdiction, by
injunction or otherwise, in reaching the certificated security,
uncertificated security, or security entitlement or in satisfying
the claim by means allowed at law or in equity in regard to property
that cannot readily be reached by other legal process.
(a) The interest of a debtor in a certificated security may be
reached by a creditor only by actual seizure of the security
certificate by the officer making the attachment or levy, except as
otherwise provided in subsection (d) of this section. However, a
certificated security for which the certificate has been surrendered
to the issuer may be reached by a creditor by legal process upon the
issuer.
(b) The interest of a debtor in an uncertificated security may
be reached by a creditor only by legal process upon the issuer at
its chief executive office in the United States, except as otherwise
provided in subsection (d) of this section.
(c) The interest of a debtor in a security entitlement may be
reached by a creditor only by legal process upon the securities
intermediary with whom the debtor's securities account is
maintained, except as otherwise provided in subsection (d) of this
section.
(d) The interest of a debtor in a certificated security for
which the certificate is in the possession of a secured party, or in
an uncertificated security registered in the name of a secured
party, or a security entitlement maintained in the name of a secured
party, may be reached by a creditor by legal process upon the
secured party.
(e) A creditor whose debtor is the owner of a certificated
security, uncertificated security, or security entitlement is
entitled to aid from a court of competent jurisdiction, by
injunction or otherwise, in reaching the certificated security,
uncertificated security, or security entitlement or in satisfying
the claim by means allowed at law or in equity in regard to property
that cannot readily be reached by other legal process.
Status: in_force · Read it on the official government site
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