Okla. Stat. tit. 12A, § 12A-8-301
This is the official text of Okla. Stat. tit. 12A, § 12A-8-301, 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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Delivery
Official statutory text
Delivery.
(a) Delivery of a certificated security to a purchaser occurs
when:
(1) the purchaser acquires possession of the security
certificate;
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 440
(2) another person, other than a securities intermediary,
either acquires possession of the security certificate
on behalf of the purchaser or, having previously
acquired possession of the certificate, acknowledges
that it holds for the purchaser; or
(3) a securities intermediary acting on behalf of the
purchaser acquires possession of the security
certificate, only if the certificate is in registered
form and is (i) registered in the name of the
purchaser, (ii) payable to the order of the purchaser,
or (iii) specially indorsed to the purchaser by an
effective endorsement and has not been indorsed to the
securities intermediary or in blank.
(b) Delivery of an uncertificated security to a purchaser
occurs when:
(1) the issuer registers the purchaser as the registered
owner, upon original issue or registration of
transfer; or
(2) another person, other than a securities intermediary,
either becomes the registered owner of the
uncertificated security on behalf of the purchaser or,
having previously become the registered owner,
acknowledges that it holds for the purchaser.
(a) Delivery of a certificated security to a purchaser occurs
when:
(1) the purchaser acquires possession of the security
certificate;
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 440
(2) another person, other than a securities intermediary,
either acquires possession of the security certificate
on behalf of the purchaser or, having previously
acquired possession of the certificate, acknowledges
that it holds for the purchaser; or
(3) a securities intermediary acting on behalf of the
purchaser acquires possession of the security
certificate, only if the certificate is in registered
form and is (i) registered in the name of the
purchaser, (ii) payable to the order of the purchaser,
or (iii) specially indorsed to the purchaser by an
effective endorsement and has not been indorsed to the
securities intermediary or in blank.
(b) Delivery of an uncertificated security to a purchaser
occurs when:
(1) the issuer registers the purchaser as the registered
owner, upon original issue or registration of
transfer; or
(2) another person, other than a securities intermediary,
either becomes the registered owner of the
uncertificated security on behalf of the purchaser or,
having previously become the registered owner,
acknowledges that it holds for the purchaser.
Status: in_force · Read it on the official government site
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