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Part I - Short Title and General Matters (Ss. 678.1011-678.1171)
678.1011 - Short title. - History.—s. 1, ch. 98-11.
678.1021 - Definitions. - (1) In this chapter: (a) “Adverse claim” means a claim...
678.1031 - Rules for determining whether certain obligations and interests are securities or financial assets. - (1) A share or similar equity interest issued by a...
678.1041 - Acquisition of security or financial asset or interest therein. - (1) A person acquires a security or an interest therein,...
678.1051 - Notice of adverse claim. - (1) A person has notice of an adverse claim if:...
678.1061 - Control. - (1) A purchaser has “control” of a certificated security in...
678.1071 - Whether indorsement, instruction, or entitlement order is effective. - (1) “Appropriate person” means: (a) With respect to an indorsement,...
678.1081 - Warranties in direct holding. - (1) A person who transfers a certificated security to a...
678.1091 - Warranties in indirect holding. - (1) A person who originates an entitlement order to a...
678.1101 - Applicability; choice of law. - (1) The local law of the issuer’s jurisdiction, as specified...
678.1111 - Clearing corporation rules. - History.—s. 1, ch. 98-11.
678.1121 - Creditor’s legal process. - (1) The interest of a debtor in a certificated security...
678.1131 - Statute of frauds inapplicable. - History.—s. 1, ch. 98-11.
678.1141 - Evidentiary rules concerning certificated securities. - (1) Unless specifically denied in the pleadings, each signature on...
678.1151 - Securities intermediary and others not liable to adverse claimant. - (1) Took the action after it had been served with...
678.1161 - Securities intermediary as purchaser for value. - History.—s. 1, ch. 98-11.
678.1171 - Application of ch. 98-11. - (1) This act does not affect an action or proceeding...
Part II - Issue and Issuer (Ss. 678.2011-678.2101)
678.2011 - Issuer. - (1) With respect to an obligation on or a defense...
678.2021 - Issuer’s responsibility and defenses; notice of defect or defense. - (1) Even against a purchaser for value and without notice,...
678.2031 - Staleness as notice of defect or defense. - (1) Requires the payment of money, the delivery of a...
678.2041 - Effect of issuer’s restriction on transfer. - (1) The security is certificated and the restriction is noted...
678.2051 - Effect of unauthorized signature on security certificate. - (1) An authenticating trustee, registrar, transfer agent, or other person...
678.2061 - Completion or alteration of security certificate. - (1) If a security certificate contains the signatures necessary to...
678.2071 - Rights and duties of issuer with respect to registered owners. - (1) Before due presentment for registration of transfer of a...
678.2081 - Effect of signature of authenticating trustee, registrar, or transfer agent. - (1) A person signing a security certificate as authenticating trustee,...
678.2091 - Issuer’s lien. - History.—s. 2, ch. 98-11.
678.2101 - Overissue. - (1) In this section, “overissue” means the issue of securities...
Part III - Transfer of Certificated and Uncertificated Securities (Ss. 678.3011-678.3071)
678.3011 - Delivery. - (1) Delivery of a certificated security to a purchaser occurs...
678.3021 - Rights of purchaser. - (1) Except as otherwise provided in subsections (2) and (3),...
678.3031 - Protected purchaser. - (1) “Protected purchaser” means a purchaser of a certificated or...
678.3041 - Indorsement. - (1) An indorsement may be in blank or special. An...
678.3051 - Instruction. - (1) If an instruction has been originated by an appropriate...
678.3061 - Effect of guaranteeing signature, indorsement, or instruction. - (1) A person who guarantees a signature of an indorser...
678.3071 - Purchaser’s right to requisites for registration of transfer. - History.—s. 3, ch. 98-11.
Part IV - Registration (Ss. 678.4011-678.4071)
678.4011 - Duty of issuer to register transfer. - (1) If a certificated security in registered form is presented...
678.4021 - Assurance that indorsement or instruction is effective. - (1) An issuer may require the following assurance that each...
678.4031 - Demand that issuer not register transfer. - (1) A person who is an appropriate person to make...
678.4041 - Wrongful registration. - (1) Except as otherwise provided in s. 678.4061, an issuer...
678.4051 - Replacement of lost, destroyed, or wrongfully taken security certificate. - (1) If an owner of a certificated security, whether in...
678.4061 - Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate. - History.—s. 4, ch. 98-11.
678.4071 - Authenticating trustee, transfer agent, and registrar. - History.—s. 4, ch. 98-11.
Part V - Security Entitlements (Ss. 678.5011-678.5111)
678.5011 - Securities account; acquisition of security entitlement from securities intermediary. - (1) “Securities account” means an account to which a financial...
678.5021 - Assertion of adverse claim against entitlement holder. - History.—s. 5, ch. 98-11.
678.5031 - Property interest of entitlement holder in financial asset held by securities intermediary. - (1) To the extent necessary for a securities intermediary to...
678.5041 - Duty of securities intermediary to maintain financial asset. - (1) A securities intermediary shall promptly obtain and thereafter maintain...
678.5051 - Duty of securities intermediary with respect to payments and distributions. - (1) A securities intermediary shall take action to obtain a...
678.5061 - Duty of securities intermediary to exercise rights as directed by entitlement holder. - (1) The securities intermediary acts with respect to the duty...
678.5071 - Duty of securities intermediary to comply with entitlement order. - (1) A securities intermediary shall comply with an entitlement order...
678.5081 - Duty of securities intermediary to change entitlement holder’s position to other form of security holding. - (1) The securities intermediary acts as agreed upon by the...
678.5091 - 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. - (1) If the substance of a duty imposed upon a...
678.5101 - Rights of purchaser of security entitlement from entitlement holder. - (1) In a case not covered by the priority rules...
678.5111 - Priority among security interests and entitlement holders. - (1) Except as otherwise provided in subsections (2) and (3),...