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Part I - Short Title and General Matters
§ 28:8–101. Short title - This article may be cited as “Uniform Commercial Code—Investment Securities.”...
§ 28:8–102. Definitions - (a) For the purposes of this article, the term: (1)...
§ 28:8–103. Rules for determining whether certain obligations and interests are securities or financial assets - (a) A share or similar equity interest issued by a...
§ 28:8–104. Acquisition of security or financial asset or interest therein - (a) A person acquires a security or an interest therein,...
§ 28:8–105. Notice of adverse claim - (a) A person has notice of an adverse claim if:...
§ 28:8–106. Control - (a) A purchaser has “control” of a certificated security in...
§ 28:8–107. Whether indorsement, instruction, or entitlement order is effective - (a) For the purposes of this article, the term “appropriate...
§ 28:8–108. Warranties in direct holding - (a) A person who transfers a certificated security to a...
§ 28:8–109. Warranties in indirect holding - (a) A person who originates an entitlement order to a...
§ 28:8–110. Applicability; choice of law - (a) The local law of the issuer’s jurisdiction, as specified...
§ 28:8–111. Clearing corporation rules - A rule adopted by a clearing corporation governing rights and...
§ 28:8–112. Creditor’s legal process - (a) The interest of a debtor in a certificated security...
§ 28:8–113. Statute of frauds inapplicable - A contract or modification of a contract for the sale...
§ 28:8–114. Evidentiary rules concerning certificated securities - The following rules apply in an action on a certificated...
§ 28:8–115. Securities intermediary and others not liable to adverse claimant - A securities intermediary that has transferred a financial asset pursuant...
§ 28:8–116. Securities intermediary as purchaser for value - A securities intermediary that receives a financial asset and establishes...
Part II - Issue and Issuer
§ 28:8–201. Issuer - (a) With respect to an obligation on or a defense...
§ 28:8–202. Issuer’s responsibility and defenses; notice of defect or defense - (a) Even against a purchaser for value and without notice,...
§ 28:8–203. Staleness as notice of defect or defense - After an act or event, other than a call that...
§ 28:8–204. Effect of issuer’s restriction on transfer - A restriction on transfer of a security imposed by the...
§ 28:8–205. Effect of unauthorized signature on security certificate - An unauthorized signature placed on a security certificate before or...
§ 28:8–206. Completion or alteration of security certificate - (a) If a security certificate contains the signatures necessary to...
§ 28:8–207. Rights and duties of issuer with respect to registered owners - (a) Before due presentment for registration of transfer of a...
§ 28:8–208. Effect of signature of authenticating trustee, registrar, or transfer agent - (a) A person signing a security certificate as authenticating trustee,...
§ 28:8–209. Issuer’s lien - A lien in favor of an issuer upon a certificated...
§ 28:8–210. Overissue - (a) For the purposes of this section the term “overissue”...
Part III - Transfer of Certificated and Uncertificated Securities
§ 28:8–301. Delivery - (a) Delivery of a certificated security to a purchaser occurs...
§ 28:8–302. Rights of purchaser - (a) Except as otherwise provided in subsections (b) and (c),...
§ 28:8–303. Protected purchaser - (a) For the purposes of this article, the term “protected...
§ 28:8–304. Indorsement - (a) An indorsement may be in blank or special. An...
§ 28:8–305. Instruction - (a) If an instruction has been originated by an appropriate...
§ 28:8–306. Effect of guaranteeing signature, indorsement, or instruction - (a) A person who guarantees a signature of an indorser...
§ 28:8–307. Purchaser’s right to requisites for registration of transfer - Unless otherwise agreed, the transferor of a security on due...
Part IV - Registration
§ 28:8–401. Duty of issuer to register transfer - (a) If a certificated security in registered form is presented...
§ 28:8–402. Assurance that indorsement or instruction is effective - (a) An issuer may require the following assurance that each...
§ 28:8–403. Demand that issuer not register transfer - (a) A person who is an appropriate person to make...
§ 28:8–404. Wrongful registration - (a) Except as otherwise provided in § 28:8-406, an issuer...
§ 28:8–405. Replacement of lost, destroyed, or wrongfully taken security certificate - (a) If an owner of a certificated security, whether in...
§ 28:8–406. Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate - If a security certificate has been lost, apparently destroyed, or...
§ 28:8–407. Authenticating trustee, transfer agent, and registrar - A person acting as authenticating trustee, transfer agent, registrar, or...
§ 28:8–408. Statements of uncertificated securities - (a) Within 2 business days after the transfer of an...
Part V - Security Entitlements
§ 28:8–501. Securities account; acquisition of security entitlement from securities intermediary - (a) For the purposes of this article, the term “securities...
§ 28:8–502. Assertion of adverse claim against entitlement holder - An action based on an adverse claim to a financial...
§ 28:8–503. Property interest of entitlement holder in financial asset held by securities intermediary - (a) To the extent necessary for a securities intermediary to...
§ 28:8–504. Duty of securities intermediary to maintain financial asset - (a) A securities intermediary shall promptly obtain and thereafter maintain...
§ 28:8–505. Duty of securities intermediary with respect to payments and distributions - (a) A securities intermediary shall take action to obtain a...
§ 28:8–506. Duty of securities intermediary to exercise rights as directed by entitlement holder - A securities intermediary shall exercise rights with respect to a...
§ 28:8–507. Duty of securities intermediary to comply with entitlement order - (a) A securities intermediary shall comply with an entitlement order...
§ 28:8–508. 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...
§ 28:8–509. 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...
§ 28:8–510. Rights of purchaser of security entitlement from entitlement holder - (a) In a case not covered by the priority rules...
§ 28:8–511. Priority among security interests and entitlement holders - (a) Except as otherwise provided in subsections (b) and (c)...
Part VI - Transitional Provisions
§ 28:8–601. Savings clause - (a) This article does not affect an action or proceeding...