1. (a) A security interest in investment property, deposit accounts, letter-of-credit rights, or electronic chattel paper may be perfected by control of the collateral under Section 1-9-104, 1-9-105, 1-9-106, or 1-9-107 of this title.
2. (b) A security interest in deposit accounts, electronic chattel paper, or letter-of-credit rights is perfected by control under Section 1-9-104, 1-9-105, or 1-9-107 of this title when the secured party obtains control and remains perfected by control only while the secured party retains control.
3. (c) A security interest in investment property is perfected by control under Section 1-9-106 of this title from the time the secured party obtains control and remains perfected by control until:
4. (1) the secured party does not have control; and

5. (2) one of the following occurs:

   1. (A) if the collateral is a certificated security, the debtor has or acquires possession of the security certificate;
   2. (B) if the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner; or
   3. (C) if the collateral is a security entitlement, the debtor is or becomes the entitlement holder.

Laws 2000, SB 1519, c. 371, § 34, eff. July 1, 2001.

Uniform Commercial Code Comment

The Uniform Commercial Code was developed by The American Law Institute and the National Conference of Commissioners on Uniform State Laws. These organizations hold the copyright on the official comments to the Uniform Commercial Code. The Oklahoma Supreme Court attempted but was unable to obtain permission to reproduce the Official Comments here. For more information on these organizations, click on the links above. To email your comments, click on one of the links below.

The American Law Institute
4025 Chestnut Street
Philadelphia, PA 19104
Phone: (215) 243-1600
FAX: (215) 243-1664
Email

National Conference of Commissioners on Uniform State Laws
676 N. St. Clair Street, Suite 1700
Chicago, Illinois 60611
(312) 915-0195
Email