Okla. Stat. tit. 12A, § 12A-8-116
This is the official text of Okla. Stat. tit. 12A, § 12A-8-116, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Securities Intermediary as Purchaser for Value
Official statutory text
Securities Intermediary as Purchaser for Value.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 435
A securities intermediary that receives a financial asset and
establishes a security entitlement to the financial asset in favor
of an entitlement holder is a purchaser for value of the financial
asset. A securities intermediary that acquires a security
entitlement to a financial asset from another securities
intermediary acquires the security entitlement for value if the
securities intermediary acquiring the security entitlement
establishes a security entitlement to the financial asset in favor
of an entitlement holder.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 435
A securities intermediary that receives a financial asset and
establishes a security entitlement to the financial asset in favor
of an entitlement holder is a purchaser for value of the financial
asset. A securities intermediary that acquires a security
entitlement to a financial asset from another securities
intermediary acquires the security entitlement for value if the
securities intermediary acquiring the security entitlement
establishes a security entitlement to the financial asset in favor
of an entitlement holder.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.