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Part 1. Short Title and General Matters
§ 8-101. Short title. - This Article may be cited as Uniform Commercial Code—Investment Securities.
§ 8-102. Definitions. - (a) In this Article: (1) “Adverse claim” means a claim...
§ 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...
§ 8-104. Acquisition of security or financial asset or interest therein. - (a) A person acquires a security or an interest therein,...
§ 8-105. Notice of adverse claim. - (a) A person has notice of an adverse claim if:...
§ 8-106. Control. - (a) A purchaser has “control” of a certificated security in...
§ 8-107. Whether endorsement, instruction, or entitlement order is effective. - (a) “Appropriate person” means: (1) with respect to an endorsement,...
§ 8-108. Warranties in direct holding. - (a) A person who transfers a certificated security to a...
§ 8-109. Warranties in indirect holding. - (a) A person who originates an entitlement order to a...
§ 8-110. Applicability; choice of law. - (a) The local law of the issuer's jurisdiction, as specified...
§ 8-111. Clearing corporation rules. - A rule adopted by a clearing corporation governing rights and...
§ 8-112. Creditor's legal process. - (a) Except to the extent otherwise provided or permitted by...
§ 8-113. Statute of frauds inapplicable. - A contract or modification of a contract for the sale...
§ 8-114. Evidentiary rules concerning certificated securities. - The following rules apply in an action on a certificated...
§ 8-115. Securities intermediary and others not liable to adverse claimant. - A securities intermediary that has transferred a financial asset pursuant...
§ 8-116. Securities intermediary as purchaser for value. - A securities intermediary that receives a financial asset and establishes...
Part 2. Issue and Issuer
§ 8-201. Issuer. - (a) With respect to an obligation on or a defense...
§ 8-202. Issuer's responsibility and defenses; notice of defect or defense. - (a) Even against a purchaser for value and without notice,...
§ 8-203. Staleness as notice of defect or defense. - After an act or event, other than a call that...
§ 8-204. Effect of issuer's restriction on transfer. - A restriction on transfer of a security imposed by the...
§ 8-205. Effect of unauthorized signature on certificated security. - An unauthorized signature placed on a security certificate before or...
§ 8-206. Completion or alteration of certificated security. - (a) If a security certificate contains the signatures necessary to...
§ 8-207. Rights and duties of issuer with respect to registered owners. - (a) Before due presentment for registration of transfer of a...
§ 8-208. Effect of signature of authenticating trustee, registrar, or transfer agent. - (a) A person signing a security certificate as authenticating trustee,...
§ 8-209. Issuer's lien. - A lien in favor of an issuer upon a certificated...
§ 8-210. Overissue. - (a) In this section, “overissue” means the issue of securities...
Part 3. Transfer of Certificated and Uncertificated Securities
§ 8-301. Delivery. - (a) Delivery of a certificated security to a purchaser occurs...
§ 8-302. Rights of purchaser. - (a) Except as otherwise provided in subsections (b) and (c),...
§ 8-303. Protected purchaser. - (a) “Protected purchaser” means a purchaser of a certificated or...
§ 8-304. Endorsement. - (a) An endorsement may be in blank or special. An...
§ 8-305. Instruction. - (a) If an instruction has been originated by an appropriate...
§ 8-306. Effect of guaranteeing signature, endorsement, or instruction. - (a) A person who guarantees a signature of an endorser...
§ 8-307. Purchaser's right to requisites for registration of transfer. - Unless otherwise agreed, the transferor of a security on due...
Part 4. Registration
§ 8-401. Duty of issuer to register transfer. - (a) If a certificated security in registered form is presented...
§ 8-402. Assurance that endorsement or instruction is effective. - (a) An issuer may require the following assurance that each...
§ 8-403. Demand that issuer not register transfer. - (a) A person who is an appropriate person to make...
§ 8-404. Wrongful registration. - (a) Except as otherwise provided in Section 8-406, an issuer...
§ 8-405. Replacement of lost, destroyed, or wrongfully taken security certificate. - (a) If an owner of a certificated security, whether in...
§ 8-406. Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate. - If a security certificate has been lost, apparently destroyed, or...
§ 8-407. Authenticating trustee, transfer agent, and registrar. - A person acting as authenticating trustee, transfer agent, registrar, or...
Part 5. Security Entitlements
§ 8-501. Securities account; acquisition of security entitlement from securities intermediary. - (a) “Securities account” means an account to which a financial...
§ 8-502. Assertion of adverse claim against entitlement holder. - An action based on an adverse claim to a financial...
§ 8-503. Property interest of entitlement holder in financial asset held by securities intermediary. - (a) To the extent necessary for a securities intermediary to...
§ 8-504. Duty of securities intermediary to maintain financial asset. - (a) A securities intermediary shall promptly obtain and thereafter maintain...
§ 8-505. Duty of securities intermediary with respect to payments and distributions. - (a) A securities intermediary shall take action to obtain a...
§ 8-506. Duty of securities intermediary to exercise rights as directed by entitlement holder. - A securities intermediary shall exercise rights with respect to a...
§ 8-507. Duty of securities intermediary to comply with entitlement order. - (a) A securities intermediary shall comply with an entitlement order...
§ 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...
§ 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...
§ 8-510. Rights of purchaser of security entitlement from entitlement holder. - (a) In a case not covered by the priority rules...
§ 8-511. Priority among security interests and entitlement holders. - (a) Except as otherwise provided in subsections (b) and (c),...
Part 6. Transition Provisions
§ 8-601. Effective date. - This Act takes effect on January 1, 1998.
§ 8-602. Savings clause. - (a) This Act does not affect an action or proceeding...