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Win7: Will doing “Run as administrator” on a .BAT file allow regsvr32 enough privlieges to register a DLL or OCX?

Will doing "Run as administrator" on a .BAT file allow regsvr32 enough privlieges to register a DLL or OCX? The .bat file contains: regsvr32 -u SomeOCX.ocx regsvr32 SomeOCX.ocx Or, does the logged ...