Indiana Code
Chapter 8.1. Investment Securities
26-1-8.1-304. Endorsement of Securities

Sec. 304. (a) An endorsement may be in blank or special. An endorsement in blank includes an endorsement to bearer. A special endorsement specifies to whom a security is to be transferred or who has power to transfer it. A holder may convert a blank endorsement to a special endorsement.
(b) An endorsement purporting to be only of part of a security certificate representing units intended by the issuer to be separately transferable is effective to the extent of the endorsement.
(c) An endorsement, whether special or in blank, does not constitute a transfer until delivery of the certificate on which it appears or, if the endorsement is on a separate document, until delivery of both the document and the certificate.
(d) If a security certificate in registered form has been delivered to a purchaser without a necessary endorsement, the purchaser may become a protected purchaser only when the endorsement is supplied. However, against a transferor, a transfer is complete upon delivery and the purchaser has a specifically enforceable right to have any necessary endorsement supplied.
(e) An endorsement of a security certificate in bearer form may give notice of an adverse claim to the certificate, but it does not otherwise affect a right to registration that the holder possesses.
(f) Unless otherwise agreed, a person making an endorsement assumes only the obligations provided in IC 26-1-8.1-108 and not an obligation that the security will be honored by the issuer.
As added by P.L.247-1995, SEC.10.

Structure Indiana Code

Indiana Code

Title 26. Commercial Law

Article 1. Uniform Commercial Code

Chapter 8.1. Investment Securities

26-1-8.1-0.1. Effect of Enactment of Chapter

26-1-8.1-0.3. Perfection of Certain Security Interests; Continuation of Perfection

26-1-8.1-101. Short Title

26-1-8.1-102. Definitions; Rules of Construction

26-1-8.1-103. Classification as Security or Financial Asset

26-1-8.1-104. Acquisition of a Security or Financial Asset

26-1-8.1-105. Notice of Adverse Claim

26-1-8.1-106. Control of Securities

26-1-8.1-107. Effectiveness of Endorsement, Instruction, or Entitlement Order

26-1-8.1-108. Warranties Upon Purchase or Transfer of Security

26-1-8.1-109. Warranties Made by and to a Securities Intermediary

26-1-8.1-110. Applicability of Local Law; Determination of Jurisdiction

26-1-8.1-111. Applicability of Rules Adopted by Clearing Corporations

26-1-8.1-112. Creditor Access to Debtor's Interest in a Security

26-1-8.1-113. Enforceability of Contracts for Sale or Purchase of a Security

26-1-8.1-114. Special Rules in Actions Against Issuers of a Certificated Security

26-1-8.1-115. Liability of Securities Intermediary, Broker, or Other Agent or Bailee

26-1-8.1-116. Determination of Securities Intermediary as Purchaser for Value

26-1-8.1-201. "Issuer" Defined

26-1-8.1-202. Terms of Security; Rules on Validity; Issuer's Defenses; Cancellation of Contracts

26-1-8.1-203. Notice of Defects

26-1-8.1-204. Restrictions on Transfer

26-1-8.1-205. Effect of Unauthorized Signature or Certificate

26-1-8.1-206. Enforceability of Incomplete or Incorrect Certificate

26-1-8.1-207. Registered Owner to Exercise All Rights and Powers of Owner Absent Appropriate Notice of Transfer

26-1-8.1-208. Warranties by Security Certificate Authenticating Signatory

26-1-8.1-209. Issuer's Lien

26-1-8.1-210. Overissue of Security; Refund in the Event of Unavailability of Security

26-1-8.1-301. Delivery of Security

26-1-8.1-302. Rights Acquired by Purchaser

26-1-8.1-303. "Protected Purchaser" Defined; Acquisition of Interest Free of Adverse Claims

26-1-8.1-304. Endorsement of Securities

26-1-8.1-305. Incomplete Instructions; Obligations Imposed on Person Initiating Instructions

26-1-8.1-306. Warranties by Guarantor

26-1-8.1-307. Duties of Transferor of Security

26-1-8.1-401. Issuer's Duty to Register Transfer

26-1-8.1-402. Issuer's Right to Assurances

26-1-8.1-403. Demand That Transfer Not Be Registered; Notice; Contents; Liability

26-1-8.1-404. Issuer Liability for Wrongful Registration of Transfer

26-1-8.1-405. Issuance of New Certificates; Protected Purchasers

26-1-8.1-406. Failure to Notify Issuer of Lost, Destroyed, or Wrongfully Taken Certificates

26-1-8.1-407. Obligations of Agents Acting on Behalf of Issuer

26-1-8.1-501. Acquisition of Security Entitlements

26-1-8.1-502. Adverse Claims Against Person Holding a Security Entitlement

26-1-8.1-503. Property Interests in Financial Assets; Enforcement of Property Rights; Purchasers for Value

26-1-8.1-504. Maintenance of Financial Assets by Securities Intermediary; Exempted Entity

26-1-8.1-505. Duty of Securities Intermediary to Obtain and Pay Distributions on Financial Assets

26-1-8.1-506. Duty of Securities Intermediary to Exercise Rights as Directed by Entitlement Holder

26-1-8.1-507. Duty of Securities Intermediary to Comply With Entitlement Order; Liability for Wrongful Transfer

26-1-8.1-508. Duty of Securities Intermediary to Act at Direction of Entitlement Holder

26-1-8.1-509. Standards for Performance of Duties by Securities Intermediary

26-1-8.1-510. Purchaser for Value of Financial Asset or Security Entitlement; Adverse Claims

26-1-8.1-511. Priority of Claims in Financial Asset