Okla. Stat. tit. 12A § 8-101

Current through Laws 2024, c. 453.

Section 8-101 - Short Title

This article may be cited as Uniform Commercial Code - Investment Securities.

Okla. Stat. tit. 12A, § 8-101

Added by Laws 1961, p. 151, § 8-101. Amended by Laws 1995, SB 522, c. 242, § 1, eff. 2/1/1996.

Oklahoma Code Comment

There has been no prior uniform act on investment securities. Under previous law bonds were negotiable only if they complied with all the requirements of a negotiable note under the Uniform Negotiable Instruments Law. Stock certificates, prior to the passage of the Uniform Stock Transfer Act, were regarded only as personal property and not as negotiable instruments. It is the

purpose of this Article of the Commercial Code to give certain characteristics of negotiability, and hence greater rights to the holder, of instruments which are commonly dealt with as investment securities.

The Uniform Commercial Code Comment succinctly states the objectives.