Arkansas Code
Subtitle 1 - Uniform Commercial Code
Chapter 8 - Investment Securities

§ 4-8-103. Rules for determining whether certain obligations and interests are securities or financial assets - (a) A share or similar equity interest issued by a...

§ 4-8-104. Acquisition of security or financial asset or interest therein - (a) A person acquires a security or an interest therein,...

§ 4-8-105. Notice of adverse claim - (a) A person has notice of an adverse claim if:...

§ 4-8-106. Control - (a) A purchaser has “control” of a certificated security in...

§ 4-8-107. Whether indorsement, instruction, or entitlement order is effective - (a) “Appropriate person” means: (1) with respect to an indorsement,...

§ 4-8-108. Warranties in direct holding - (a) A person who transfers a certificated security to a...

§ 4-8-109. Warranties in indirect holding - (a) A person who originates an entitlement order to a...

§ 4-8-110. Applicability — Choice of law - (a) The local law of the issuer's jurisdiction, as specified...

§ 4-8-111. Clearing corporation rules - A rule adopted by a clearing corporation governing rights and...

§ 4-8-112. Creditor's legal process - (a) The interest of a debtor in a certificated security...

§ 4-8-113. Statute of frauds inapplicable - A contract or modification of a contract for the sale...

§ 4-8-114. Evidentiary rules concerning certificated securities - The following rules apply in an action on a certificated...

§ 4-8-115. Securities intermediary and others not liable to adverse claimant - A securities intermediary that has transferred a financial asset pursuant...

§ 4-8-116. Securities intermediary as purchaser for value - A securities intermediary that receives a financial asset and establishes...

Part 2 - Issue and Issuer

§ 4-8-201. Issuer - (a) With respect to an obligation on or a defense...

§ 4-8-202. Issuer's responsibility and defenses — Notice of defect or defense - (a) Even against a purchaser for value and without notice,...

§ 4-8-203. Staleness as notice of defect or defense - After an act or event, other than a call that...

§ 4-8-204. Effect of issuer's restriction on transfer - A restriction on transfer of a security imposed by the...

§ 4-8-205. Effect of unauthorized signature on security certificate - An unauthorized signature placed on a security certificate before or...

§ 4-8-206. Completion or alteration of security certificate - (a) If a security certificate contains the signatures necessary to...

§ 4-8-207. Rights and duties of issuer with respect to registered owners - (a) Before due presentment for registration of transfer of a...

§ 4-8-208. Effect of signature of authenticating trustee, registrar, or transfer agent - (a) A person signing a security certificate as authenticating trustee,...

§ 4-8-209. Issuer's lien - A lien in favor of an issuer upon a certificated...

§ 4-8-210. Overissue - (a) In this section, “overissue” means the issue of securities...

Part 3 - Transfer of Certificated and Uncertificated Securities

§ 4-8-301. Delivery - (a) Delivery of a certificated security to a purchaser occurs...

§ 4-8-302. Rights of purchaser - (a) Except as otherwise provided in subsections (b) and (c),...

§ 4-8-303. Protected purchaser - (a) “Protected purchaser” means a purchaser of a certificated or...

§ 4-8-304. Indorsement - (a) An indorsement may be in blank or special. An...

§ 4-8-305. Instruction - (a) If an instruction has been originated by an appropriate...

§ 4-8-306. Effect of guaranteeing signature, indorsement, or instruction - (a) A person who guarantees a signature of an indorser...

§ 4-8-307. Purchaser's right to requisites for registration of transfer - Unless otherwise agreed, the transferor of a security on due...

Part 4 - Registration

§ 4-8-401. Duty of issuer to register transfer - (a) If a certificated security in registered form is presented...

§ 4-8-402. Assurance that indorsement or instruction is effective - (a) An issuer may require the following assurance that each...

§ 4-8-403. Demand that issuer not register transfer - (a) A person who is an appropriate person to make...

§ 4-8-404. Wrongful registration - (a) Except as otherwise provided in § 4-8-406, an issuer...

§ 4-8-405. Replacement of lost, destroyed, or wrongfully taken security certificate - (a) If an owner of a certificated security, whether in...

§ 4-8-406. Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate - If a security certificate has been lost, apparently destroyed, or...

§ 4-8-407. Authenticating trustee, transfer agent, and registrar - A person acting as authenticating trustee, transfer agent, registrar, or...

Part 5 - Security Entitlements

§ 4-8-501. Securities account — Acquisition of security entitlement from securities intermediary - (a) “Securities account” means an account to which a financial...

§ 4-8-502. Assertion of adverse claim against entitlement holder - An action based on an adverse claim to a financial...

§ 4-8-503. Property interest of entitlement holder in financial asset held by securities intermediary - (a) To the extent necessary for a securities intermediary to...

§ 4-8-504. Duty of securities intermediary to maintain financial asset - (a) A securities intermediary shall promptly obtain and thereafter maintain...

§ 4-8-505. Duty of securities intermediary with respect to payments and distributions - (a) A securities intermediary shall take action to obtain a...

§ 4-8-506. Duty of securities intermediary to exercise rights as directed by entitlement holder - A securities intermediary shall exercise rights with respect to a...

§ 4-8-507. Duty of securities intermediary to comply with entitlement order - (a) A securities intermediary shall comply with an entitlement order...

§ 4-8-508. Duty of securities intermediary to change entitlement holder's position to other form of security holding - A securities intermediary shall act at the direction of an...

§ 4-8-509. 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 - (a) If the substance of a duty imposed upon a...

§ 4-8-510. Rights of purchaser of security entitlement from entitlement holder - (a) In a case not covered by the priority rules...

§ 4-8-511. Priority among security interests and entitlement holders - (a) Except as otherwise provided in subsections (b) and (c),...

Part 6 - Applicability

§ 4-8-603. Savings clause - (a) This chapter does not affect an action or proceeding...

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Arkansas Code Subtitle 1 - Uniform Commercial Code Chapter 8 - Investment Securities

Arkansas Code
Subtitle 1 - Uniform Commercial Code
Chapter 8 - Investment Securities