§ 8-504. Duty of Securities Intermediary to Maintain Financial Asset
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 8-504
§ 8-504. Duty of Securities Intermediary to Maintain Financial Asset
Duty of Securities Intermediary to Maintain Financial Asset.
(a) A securities intermediary shall promptly obtain and thereafter maintain a financial asset in a quantity corresponding to the aggregate of all security entitlements it has established in favor of its entitlement holders with respect to that financial asset. The securities intermediary may maintain those financial assets directly or through one or more other securities intermediaries.
Credits
Laws 1995, c. 242, § 44, eff. Feb. 1, 1996.
12A Okl. St. Ann. § 8-504, OK ST T. 12A § 8-504
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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