Okla. Stat. tit. 12A, § 12A-8-114
This is the official text of Okla. Stat. tit. 12A, § 12A-8-114, 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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Evidentiary Rules Concerning Certificated Securities
Official statutory text
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 434
Evidentiary Rules Concerning Certificated Securities.
The following rules apply in an action on a certificated
security against the issuer:
(1) Unless specifically denied in the pleadings, each
signature on a security certificate or in a necessary
indorsement is admitted;
(2) If the effectiveness of a signature is put in issue,
the burden of establishing effectiveness is on the
party claiming under the signature, but the signature
is presumed to be genuine or authorized;
(3) If signatures on a security certificate are admitted
or established, production of the certificate entitles
a holder to recover on it unless the defendant
establishes a defense or a defect going to the
validity of the security; and
(4) If it is shown that a defense or defect exists, the
plaintiff has the burden of establishing that the
plaintiff or some person under whom the plaintiff
claims is a person against whom the defense or defect
cannot be asserted.
Evidentiary Rules Concerning Certificated Securities.
The following rules apply in an action on a certificated
security against the issuer:
(1) Unless specifically denied in the pleadings, each
signature on a security certificate or in a necessary
indorsement is admitted;
(2) If the effectiveness of a signature is put in issue,
the burden of establishing effectiveness is on the
party claiming under the signature, but the signature
is presumed to be genuine or authorized;
(3) If signatures on a security certificate are admitted
or established, production of the certificate entitles
a holder to recover on it unless the defendant
establishes a defense or a defect going to the
validity of the security; and
(4) If it is shown that a defense or defect exists, the
plaintiff has the burden of establishing that the
plaintiff or some person under whom the plaintiff
claims is a person against whom the defense or defect
cannot be asserted.
Status: in_force · Read it on the official government site
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