Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Section 42a-8-101. - Short title: Uniform Commercial Code–Investment Securities. - This article may be cited as Uniform Commercial Code–Investment Securities....
Section 42a-8-102. - Definitions. - (a) In this article: (1) “Adverse claim” means a claim...
Section 42a-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...
Section 42a-8-104. - Acquisition of security or financial asset or interest therein. - (a) A person acquires a security or an interest therein,...
Section 42a-8-105. - Notice of adverse claim. - (a) A person has notice of an adverse claim if:...
Section 42a-8-106. - Control. - (a) A purchaser has “control” of a certificated security in...
Section 42a-8-107. - Whether endorsement, instruction or entitlement order is effective. - (a) “Appropriate person” means: (1) With respect to an endorsement,...
Section 42a-8-108. - Warranties in direct holding. - (a) A person who transfers a certificated security to a...
Section 42a-8-109. - Warranties in indirect holding. - (a) A person who originates an entitlement order to a...
Section 42a-8-110. - Applicability; choice of law. - (a) The local law of the issuer's jurisdiction, as specified...
Section 42a-8-111. - Clearing corporation rules. - A rule adopted by a clearing corporation governing rights and...
Section 42a-8-112. - Creditor's legal process. - (a) The interest of a debtor in a certificated security...
Section 42a-8-113. - Statute of frauds inapplicable. - A contract or modification of a contract for the sale...
Section 42a-8-114. - Evidentiary rules concerning certificated securities. - The following rules apply in an action on a certificated...
Section 42a-8-115. - Securities intermediary and others not liable to adverse claimant. - A securities intermediary that has transferred a financial asset pursuant...
Section 42a-8-116. - Securities intermediary as purchaser. - A securities intermediary that receives a financial asset and establishes...
Section 42a-8-201. - Issuer. - (a) With respect to an obligation on or a defense...
Section 42a-8-202. - Issuer's responsibility and defenses; notice of defect or defense. - (a) Even against a purchaser for value and without notice,...
Section 42a-8-203. - Staleness as notice of defect or defense. - After an act or event, other than a call that...
Section 42a-8-204. - Effect of issuer's restriction on transfer. - A restriction on transfer of a security imposed by the...
Section 42a-8-205. - Effect of unauthorized signature on security certificate. - An unauthorized signature placed on a security certificate before or...
Section 42a-8-206. - Completion or alteration of security certificate. - (a) If a security certificate contains the signatures necessary to...
Section 42a-8-207. - Rights and duties of issuer with respect to registered owners. - (a) Before due presentment for registration of transfer of a...
Section 42a-8-208. - Effect of signature of authenticating trustee, registrar or transfer agent. - (a) A person signing a security certificate as authenticating trustee,...
Section 42a-8-209. - Issuer's lien. - A lien in favor of an issuer upon a certificated...
Section 42a-8-210. - Overissue. - (a) In this section, “overissue” means the issue of securities...
Section 42a-8-301. - Delivery. - (a) Delivery of a certificated security to a purchaser occurs...
Section 42a-8-302. - Rights of purchaser. - (a) Except as otherwise provided in subsections (b) and (c)...
Section 42a-8-303. - Protected purchaser. - (a) “Protected purchaser” means a purchaser of a certificated or...
Section 42a-8-304. - Endorsement. - (a) An endorsement may be in blank or special. An...
Section 42a-8-305. - Instruction. - (a) If an instruction has been originated by an appropriate...
Section 42a-8-306. - Effect of guaranteeing signature, endorsement or instruction. - (a) A person who guarantees a signature of an endorser...
Section 42a-8-307. - Purchaser's right to requisites for registration of transfer. - Unless otherwise agreed, the transferor of a security on due...
Section 42a-8-308 to 42a-8-321. - Endorsements; instructions. Effect of endorsement without delivery. Endorsement of certificated security in bearer form. Effect of unauthorized endorsement or instruction. Effect of guaranteeing signature, endorsemen... - Sections 42a-8-308 to 42a-8-321, inclusive, are repealed, effective October 1,...
Section 42a-8-401. - Duty of issuer to register transfer. - (a) If a certificated security in registered form is presented...
Section 42a-8-402. - Assurance that endorsement or instruction is effective. - (a) An issuer may require the following assurance that each...
Section 42a-8-403. - Demand that issuer not register transfer. - (a) A person who is an appropriate person to make...
Section 42a-8-404. - Wrongful registration. - (a) Except as otherwise provided in section 42a-8-406, an issuer...
Section 42a-8-405. - Replacement of lost, destroyed or wrongfully taken security certificate. - (a) If an owner of a certificated security, whether in...
Section 42a-8-406. - Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate. - If a security certificate has been lost, apparently destroyed, or...
Section 42a-8-407. - Authenticating trustee, transfer agent and registrar. - A person acting as authenticating trustee, a transfer agent, registrar...
Section 42a-8-408. - Statement of uncertificated securities. - Section 42a-8-408 is repealed, effective October 1, 1997. (P.A. 79-435,...
Section 42a-8-501. - Securities account; acquisition of security entitlement from securities intermediary. - (a) “Securities account” means an account to which a financial...
Section 42a-8-502. - Assertion of adverse claim against entitlement holder. - An action based on an adverse claim to a financial...
Section 42a-8-503. - Property interest of entitlement holder in financial asset held by securities intermediary. - (a) To the extent necessary for a securities intermediary to...
Section 42a-8-504. - Duty of securities intermediary to maintain financial asset. - (a) A securities intermediary shall promptly obtain and thereafter maintain...
Section 42a-8-505. - Duty of securities intermediary with respect to payments and distributions. - (a) A securities intermediary shall take action to obtain a...
Section 42a-8-506. - Duty of securities intermediary to exercise rights as directed by entitlement holder. - A securities intermediary shall exercise rights with respect to a...
Section 42a-8-507. - Duty of securities intermediary to comply with entitlement order. - (a) A securities intermediary shall comply with an entitlement order...
Section 42a-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...
Section 42a-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...
Section 42a-8-510. - Rights of purchaser of security entitlement from entitlement holder. - (a) In a case not covered by the priority rules...
Section 42a-8-511. - Priority among security interests and entitlement holders. - (a) Except as otherwise provided in subsections (b) and (c)...
Section 42a-8-601. - Savings clause. - (a) Public act 97-182* does not affect an action or...