reglab/housing_qa huggingface dataset:
12A OK Stat § 12A-8-506 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-8-506. Duty of Securities Intermediary to Exercise Rights as Directed by Entitlement Holder.

|Duty of Securities Intermediary to Exercise Rights as Directed by Entitlement Holder. |A securities intermediary shall exercise rights with respect to a financial asset if directed to do so by an entitlement holder. A securities intermediary satisfies the duty if:(1)the securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or(2)in the absence of agreement, the securities intermediary either places the entitlement holder in a position to exercise the rights directly or exercises due care in accordance with reasonable commercial standards to follow the direction of the entitlement holder.Added by Laws 1995, c. 242, § 46, eff. Feb. 1, 1996.
12A OK Stat § 12A-8-507 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-8-507. Duty of Securities Intermediary to Comply with Entitlement Order.

|Duty of Securities Intermediary to Comply with Entitlement Order. |(a) A securities intermediary shall comply with an entitlement order if the entitlement order is originated by the appropriate person, the securities intermediary has had reasonable opportunity to assure itself that the entitlement order is genuine and authorized, and the securities intermediary has had reasonable opportunity to comply with the entitlement order. A securities intermediary satisfies the duty if:(1)the securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or(2)in the absence of agreement, the securities intermediary exercises due care in accordance with reasonable commercial standards to comply with the entitlement order.(b) If a securities intermediary transfers a financial asset pursuant to an ineffective entitlement order, the securities intermediary shall reestablish a security entitlement in favor of the person entitled to it, and pay or credit any payments or distributions that the person did not receive as a result of the wrongful transfer. If the securities intermediary does not reestablish a security entitlement, the securities intermediary is liable to the entitlement holder for damages.Added by Laws 1995, c. 242, § 47, eff. Feb. 1, 1996.
12A OK Stat § 12A-8-508 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-8-508. Duty of Securities Intermediary to Change Entitlement Holder's Position to Other Forms of Security Holding.

|Duty of Securities Intermediary to Change Entitlement Holder's Position to Other Forms of Security Holding. |A securities intermediary shall act at the direction of an entitlement holder to change a security entitlement into another available form of holding for which the entitlement holder is eligible, or to cause the financial asset to be transferred to a securities account of the entitlement holder with another securities intermediary. A securities intermediary satisfies the duty if:(1)the securities intermediary acts as agreed upon by the entitlement holder and the securities intermediary; or(2)in the absence of agreement, the securities intermediary exercises due care in accordance with reasonable commercial standards to follow the direction of the entitlement holder.Added by Laws 1995, c. 242, § 48, eff. Feb. 1, 1996.
12A OK Stat § 12A-8-509 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-8-509. Specification of Duties of Securities Intermediary by Other Statute or Regulation; Manner of Performance of Duties of Securities Intermediary and Exercise of Rights of Entitlement Holder.

|Specification of Duties of Securities Intermediary by Other Statute or Regulation; Manner of Performance of Duties of Securities Intermediary and Exercise of Rights of Entitlement Holder. |(a) If the substance of a duty imposed upon a securities intermediary by Sections 8-504 through 8-508 of this title is the subject of other statute, regulation, or rule, compliance with that statute, regulation, or rule satisfies the duty.(b) To the extent that specific standards for the performance of the duties of a securities intermediary or the exercise of the rights of an entitlement holder are not specified by other statute, regulation, or rule or by agreement between the securities intermediary and entitlement holder, the securities intermediary shall perform its duties and the entitlement holder shall exercise its rights in a commercially reasonable manner.(c) The obligation of a securities intermediary to perform the duties imposed by Sections 8-504 through 8-508 of this title is subject to:(1)rights of the securities intermediary arising out of a security interest under a security agreement with the entitlement holder or otherwise; and(2)rights of the securities intermediary under other law, regulation, rule, or agreement to withhold performance of its duties as a result of unfulfilled obligations of the entitlement holder to the securities intermediary.(d) Sections 8-504 through 8-508 of this title do not require a securities intermediary to take any action that is prohibited by other statute, regulation, or rule.Added by Laws 1995, c. 242, § 49, eff. Feb. 1, 1996.
12A OK Stat § 12A-8-510 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-8-510. Rights of Purchaser of Security Entitlement from Entitlement Holder.

|Rights of Purchaser of Security Entitlement from Entitlement Holder. |(a) In a case not covered by the priority rules in Article 9 or the rules stated in subsection (c), an action based on an adverse claim to a financial asset or security entitlement, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be asserted against a person who purchases a security entitlement, or an interest therein, from an entitlement holder if the purchaser gave value, does not have notice of the adverse claim, and obtains control.(b) If an adverse claim could not have been asserted against an entitlement holder under Section 8-502 of this title, the adverse claim cannot be asserted against a person who purchases a security entitlement, or an interest therein, from the entitlement holder.(c) In a case not covered by the priority rules in Article 9 of this code, a purchaser for value of a security entitlement, or an interest therein, who obtains control has priority over a purchaser of a security entitlement, or an interest therein, who does not obtain control. Except as otherwise provided in subsection (d) of this section, purchasers who have control rank according to priority in time of:(1) the purchaser’s becoming the person for whom the securities account, in which the security entitlement is carried, is maintained, if the purchaser obtained control under paragraph (1) of subsection (d) of Section 8-106 of this title;(2) the securities intermediary’s agreement to comply with the purchaser’s entitlement orders with respect to security entitlements carried or to be carried in the securities account in which the security entitlement is carried, if the purchaser obtained control under paragraph (2) of subsection (d) of Section 8-106 of this title; or(3) if the purchaser obtained control through another person under paragraph (3) of subsection (d) of Section 8-106 of this title, the time on which priority would be based under this subsection if the other person were the secured party.(d) A securities intermediary as purchaser has priority over a conflicting purchaser who has control unless otherwise agreed by the securities intermediary.Added by Laws 1995, c. 242, § 50, eff. Feb. 1, 1996. Amended by Laws 2000, c. 371, § 166, eff. July 1, 2001.
12A OK Stat § 12A-8-511 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-8-511. Priority Among Security Interests and Entitlement Holders.

|Priority Among Security Interests and Entitlement Holders. |(a) Except as otherwise provided in subsections (b) and (c) of this section, if a securities intermediary does not have sufficient interests in a particular financial asset to satisfy both its obligations to entitlement holders who have security entitlements to that financial asset and its obligation to a creditor of the securities intermediary who has a security interest in that financial asset, the claims of entitlement holders, other than the creditor, have priority over the claim of the creditor.(b) A claim of a creditor of a securities intermediary who has a security interest in a financial asset held by a securities intermediary has priority over claims of the securities intermediary's entitlement holders who have security entitlements with respect to that financial asset if the creditor has control over the financial asset.(c) If a clearing corporation does not have sufficient financial assets to satisfy both its obligations to entitlement holders who have security entitlements with respect to a financial asset and its obligation to a creditor of the clearing corporation who has a security interest in that financial asset, the claim of the creditor has priority over the claims of entitlement holders.Added by Laws 1995, c. 242, § 51, eff. Feb. 1, 1996.
12A OK Stat § 12A-8-603 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-8-603. Savings clause.

|A. This act does not affect an action or proceeding commenced before this act takes effect. |B. If a security interest in a security is perfected before this act takes effect, and the action by which the security interest was perfected would suffice to perfect a security interest under this act, no further action is required to continue perfection. If a security interest in a security is perfected before this act takes effect but the action by which the security interest was perfected would not suffice to perfect a security interest under this act, the security interest remains perfected for a period of four months after the effective date and continues perfected thereafter if appropriate action to perfect under this act is taken within that period. If a security interest is perfected before this act takes effect and the security interest can be perfected by filing under this act, a financing statement signed by the secured party instead of the debtor may be filed within that period to continue perfection or thereafter to perfect.Added by Laws 1995, c. 242, § 69, eff. Feb. 1, 1996.
12A OK Stat § 12A-11-101 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-11-101. Preservation of Old Transition Provision.

|Preservation of Old Transition Provision. - The provisions of Section 10-103 of this title shall continue to apply to this act, and for this purpose, the U.C.C. prior to this act and after this act shall be considered one continuous statute. |Laws 1981, c. 194, § 39.
12A OK Stat § 12A-11-102 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-11-102. Transition to This Act; General Rule.

|Transition to This Act; General Rule. - Transactions validly entered into after December 31, 1962, and before October 1, 1981 and which were subject to the provisions of the U.C.C. prior to this act, and which would be subject to this act, as amended if they had been entered into after the effective date of this act and the rights, duties and interests flowing from such transactions remain valid after the latter date and may be terminated, completed, consummated or enforced as required or permitted by this act. Security interests arising out of such transactions which are perfected when this act becomes effective shall remain perfected until they lapse as provided herein, and may be continued as permitted by this act, except as stated in Section 11-104. |Laws 1981, c. 194, § 40.
12A OK Stat § 12A-11-103 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-11-103. Transition Provision on Change of Requirement of Filing.

|Transition Provision on Change of Requirement of Filing. - A security interest for the perfection of which filing or the taking of possession was required under the U.C.C. prior to this act and which attached prior to the effective date of this act but was not perfected shall be deemed perfected on the effective date of this act if this act permits perfection without filing or authorizes filing in the office or offices where a prior ineffective filing was made. |Laws 1981, c. 194, § 41.
12A OK Stat § 12A-11-104 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-11-104. Transition Provision on Change of Place of Filing.

|Transition Provision on Change of Place of Filing. - |(1) A financing statement or continuation statement filed prior to October 1, 1981, which shall not have lapsed prior to that date shall remain effective for the period provided in the unamended version of the U.C.C., but for not less than five (5) years after the filing.(2) With respect to any collateral acquired by the debtor subsequent to the effective date of this act, any effective financing statement or continuation statement described in this section shall apply only if the filing or filings are in the office or offices that would be appropriate to perfect the security interests in the new collateral under the provisions of this act.(3) The effectiveness of any financing statement or continuation statement filed prior to the effective date of this act may be continued by a continuation statement as permitted by this act, except that if this act requires a filing in an office where there was no previous financing statement, a new financing statement conforming to Section 11-105 shall be filed in that office.(4) If the record of a mortgage of real estate would have been effective as a fixture filing of goods described therein if this act had been in effect on the date of recording the mortgage, the mortgage shall be deemed effective as a fixture filing as to such goods under subsection (6) of Section 9-402 of this act on October 1, 1981.Laws 1981, c. 194, § 42.
12A OK Stat § 12A-11-105 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-11-105. Required Refilings.

|Required Refilings. - (1) If a security interest is perfected or has priority when this act takes effect as to all persons or as to certain persons without any filing or recording, and if the filing of a financing statement would be required for the perfection or priority of the security interest against those persons under this act, the perfection and priority rights of the security interest continue until three (3) years after the effective date of this act. The perfection will then lapse unless a financing statement is filed as provided in subsection (4) of this section or unless the security interest is perfected otherwise than by filing. |(2) If a security interest is perfected when this act takes effect under a law other than the U.C.C. prior to this act which requires no further filing, refiling or recording to continue its perfection, perfection continues until and will lapse three (3) years after this act takes effect, unless a financing statement is filed as provided in subsection (4) of this section or unless the security interest is perfected otherwise than by filing, or unless under subsection (3) of Section 9-302, the other law continues to govern filing.(3) If a security interest is perfected by a filing, refiling or recording under a law repealed by this act which required further filing, refiling or recording to continue its perfection, perfection continues and will lapse on the date provided by the law so repealed for such further filing, refiling or recording unless a financing statement is filed as provided in subsection (4) of this section or unless the security interest is perfected otherwise than by filing.(4) A financing statement may be filed within six (6) months before the perfection of a security interest would otherwise lapse. Any such financing statement may be signed by either the debtor or the secured party. It must identify the security agreement, statement or notice, however denominated in any statute or other law repealed or modified by this act, state the office where and the date when the last filing, refiling or recording, if any, was made with respect thereto, and the filing number, if any, or book and page, if any, of recording and further state that the security agreement, statement or notice, however denominated in another filing office under the U.C.C. prior to this act, or under any statute or other law repealed or modified by this act is still effective. Section 9-401 and Section 7 of this act determine the proper place to file such a financing statement. Except as specified in this subsection, the provisions of Section 9-403(3) for continuation statements apply to such a financing statement.Laws 1981, c. 194, § 43.
12A OK Stat § 12A-11-106 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-11-106. Transition Provisions as to Priorities.

|Transition Provisions as to Priorities. - Except as otherwise provided in this article, the U.C.C. prior to this act shall apply to any questions of priority if the positions of the parties were fixed prior to the effective date of this act. In other cases questions of priority shall be determined by this act. |Laws 1981, c. 194, § 44.
12A OK Stat § 12A-11-107 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-11-107. Presumption that Rule of Law Continues Unchanged.

|Presumption that Rule of Law Continues Unchanged. - Unless a change in law has clearly been made, the provisions of this act shall be deemed declaratory of the meaning of the U.C.C. prior to this act. |Laws 1981, c. 194, § 45.
12A OK Stat § 12A-15-101 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-15-101. Short title.

|SHORT TITLE |This act shall be known and may be cited as the “Uniform Electronic Transactions Act”.Added by Laws 2000, c. 372, § 1, eff. Nov. 1, 2000.
12A OK Stat § 12A-15-103 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-15-103. Scope.

|SCOPE |(a) Except as provided in subsection (b) of this section or as otherwise provided by law, this act applies to electronic records and electronic signatures relating to a transaction.(b) This act does not apply to a transaction to the extent it is governed by:(1) a law governing the creation and execution of wills, codicils, or testamentary trusts;(2) the Uniform Commercial Code, other than Sections 1-107 and 1-206 of Title 12A of the Oklahoma Statutes and Article 2, and Article 2A of Title 12A of the Oklahoma Statutes;(3) the Uniform Computer Information Transactions Act; and(4) a consumer protection law of this state to the extent specified by rule by the Administrator of the Department of Consumer Credit as necessary to conform to existing federal requirements or to preserve existing consumer protection requirements.(c) This act applies to an electronic record or electronic signature otherwise excluded from the application of this act under subsection (b) of this section to the extent it is governed by a law other than those specified in subsection (b) of this section.(d) A transaction subject to this act is also subject to other applicable substantive law.Added by Laws 2000, c. 372, § 3, eff. Nov. 1, 2000.
12A OK Stat § 12A-15-104 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-15-104. Prospective application.

|PROSPECTIVE APPLICATION |This act applies to any electronic record or electronic signature created, generated, sent, communicated, received, or stored on or after the effective date of this act.Added by Laws 2000, c. 372, § 4, eff. Nov. 1, 2000.
12A OK Stat § 12A-15-105 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-15-105. Use of electronic records and electronic signatures; variation by agreement.

|USE OF ELECTRONIC RECORDS AND ELECTRONIC SIGNATURES; VARIATION BY AGREEMENT |(a) This act does not require a record or signature to be created, generated, sent, communicated, received, stored, or otherwise processed or used by electronic means or in electronic form.(b) This act applies only to transactions between parties each of which has agreed to conduct transactions by electronic means. Whether the parties agree to conduct a transaction by electronic means is determined from the context and surrounding circumstances, including the parties’ conduct.(c) A party that agrees to conduct a transaction by electronic means may refuse to conduct other transactions by electronic means. The right granted by this subsection may not be waived by agreement.(d) Except as otherwise provided in this act, the effect of any of its provisions may be varied by agreement. The presence in certain provisions of this act of the words “unless otherwise agreed”, or words of similar import, does not imply that the effect of other provisions may not be varied by agreement.(e) Whether an electronic record or electronic signature has legal consequences is determined by this act and other applicable law.Added by Laws 2000, c. 372, § 5, eff. Nov. 1, 2000.
12A OK Stat § 12A-15-106 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-15-106. Construction and application

|CONSTRUCTION AND APPLICATION |This act must be construed and applied:(1) to facilitate electronic transactions consistent with other applicable law;(2) to be consistent with reasonable practices concerning electronic transactions and with the continued expansion of those practices; and(3) to effectuate its general purpose to make uniform the law with respect to the subject of this act among states enacting it.Added by Laws 2000, c. 372, § 6, eff. Nov. 1, 2000.
12A OK Stat § 12A-15-107 (2021)
2021 Oklahoma Statutes|Title 12A. Commercial Code|§12A-15-107. Legal recognition of electronic records, electronic signatures, and electronic contracts.

|LEGAL RECOGNITION OF ELECTRONIC RECORDS, ELECTRONIC SIGNATURES, AND ELECTRONIC CONTRACTS |(a) A record or signature may not be denied legal effect or enforceability solely because it is in electronic form.(b) A contract may not be denied legal effect or enforceability solely because an electronic record was used in its formation.(c) If a law requires a record to be in writing, an electronic record satisfies the law.(d) If a law requires a signature, an electronic signature satisfies the law.Added by Laws 2000, c. 372, § 7, eff. Nov. 1, 2000.