"Investment company security" means a share or similar equity interest issued by an entity that is registered as an investment company under the federal investment company laws, an interest in a unit investment trust that is so registered, or a face-amount certificate issued by a face-amount certificate company that is so registered. Investment company security does not include an insurance policy or endowment policy or annuity contract issued by an insurance company.
Okla. Stat. tit. 12A, § 8-103
Oklahoma Code Comment
This Section provides rules for determining whether a particular asset or interest is a security or some other form of financial asset. An example is a partnership interest, which might be a "security" or some other form of "financial asset" or perhaps neither one, depending on whether it is traded or held in a securities account. Thus, Section 8-103 may either expand or contract the scope of Section 8-102 . As explained in sub section 8-103(f), a commodity contract, as defined in Section 9-115 , is not treated as either a security or a financial asset.
Prior Statutory Provisions:
None.