§ 8-107. Whether Indorsement, Instruction, or Entitlement Order is Effective
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 8-107
§ 8-107. Whether Indorsement, Instruction, or Entitlement Order is Effective
Whether Indorsement, Instruction, or Entitlement Order is Effective.
(2) it is made by a person who has power under the law of agency to transfer the security or financial asset on behalf of the appropriate person, including, in the case of an instruction or entitlement order, a person who has control under paragraph (2) of subsection (c) or paragraph (2) of subsection (d) of Section 8-106 of this title; or
(d) If a security is registered in the name of or specially indorsed to a person described as a representative, or if a securities account is maintained in the name of a person described as a representative, an indorsement, instruction, or entitlement order made by the person is effective even though the person is no longer serving in the described capacity.
Credits
Laws 1995, c. 242, § 7, eff. Feb. 1, 1996.
12A Okl. St. Ann. § 8-107, OK ST T. 12A § 8-107
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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