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Subtitle 1 - Short Title and General Matters
Section 8-101 - Short Title - This title shall be known and may be cited as...
Section 8-102 - Definitions - (a) In this title: (1) “Adverse claim” means a claim...
Section 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 8-104 - Acquisition of Security or Financial Asset or Interest Therein - (a) A person acquires a security or an interest in...
Section 8-105 - Notice of Adverse Claim - (a) A person has notice of an adverse claim if:...
Section 8-106 - Control - (a) A purchaser has “control” of a certificated security in...
Section 8-107 - Whether Indorsement, Instruction, or Entitlement Order Is Effective - (a) “Appropriate person” means: (1) With respect to an indorsement,...
Section 8-108 - Warranties in Direct Holding - (a) A person who transfers a certificated security to a...
Section 8-109 - Warranties in Indirect Holding - (a) A person who originates an entitlement order to a...
Section 8-110 - Applicability; Choice of Law - (a) The local law of the issuer's jurisdiction, as specified...
Section 8-111 - Clearing Corporation Rules - A rule adopted by a clearing corporation governing rights and...
Section 8-112 - Creditor's Legal Process - (a) The interest of a debtor in a certificated security...
Section 8-113 - Statute of Frauds Inapplicable - A contract or modification of a contract for the sale...
Section 8-114 - Evidentiary Rules Concerning Certificated Securities - The following rules apply in an action on a certificated...
Section 8-115 - Securities Intermediary and Others Not Liable to Adverse Claimant - A securities intermediary that has transferred a financial asset in...
Section 8-116 - Securities Intermediary as Purchaser for Value - (a) A securities intermediary that receives a financial asset and...
Subtitle 2 - Issue and Issuer
Section 8-201 - Issuer - (a) With respect to an obligation on or a defense...
Section 8-202 - Issuer's Responsibility and Defenses; Notice of Defect or Defense - (a) (1) Even against a purchaser for value and without...
Section 8-203 - Staleness as Notice of Defects or Defense - After an act or event, other than a call that...
Section 8-204 - Effect of Issuer's Restrictions on Transfer - A restriction on transfer of a security imposed by the...
Section 8-205 - Effect of Unauthorized Signature on Security Certificate - An unauthorized signature placed on a security certificate before or...
Section 8-206 - Completion or Alteration of Security Certificate - (a) If a security certificate contains the signatures necessary to...
Section 8-207 - Rights of Issuer With Respect to Registered Owners - (a) Before due presentment for registration of transfer of a...
Section 8-208 - Effect of Signature of Authenticating Trustee, Registrar or Transfer Agent - (a) A person signing a security certificate as authenticating trustee,...
Section 8-209 - Issuer's Lien - A lien in favor of an issuer upon a certificated...
Section 8-210 - Overissue - (a) In this section, “overissue” means the issue of securities...
Subtitle 3 - Transfer of Certificated and Uncertificated Securities
Section 8-301 - Delivery - (a) Delivery of a certificated security to a purchaser occurs...
Section 8-302 - Rights of Purchaser - (a) Except as otherwise provided in subsections (b) and (c)...
Section 8-303 - Protected Purchaser - (a) “Protected purchaser” means a purchaser of a certificated or...
Section 8-304 - Indorsement - (a) An indorsement may be in blank or special. An...
Section 8-305 - Instruction - (a) If an instruction has been originated by an appropriate...
Section 8-306 - Effect on Guaranteeing Signature, Indorsement, or Instruction - (a) A person who guarantees a signature of an indorser...
Section 8-307 - Purchaser's Right to Requisites for Registration of Transfer - Unless otherwise agreed, the transferor of a security on due...
Subtitle 4 - Registration
Section 8-401 - Duty of Issuer to Register Transfer - (a) If a certificated security in registered form is presented...
Section 8-402 - Assurance That Indorsements or Instruction Is Effective - (a) An issuer may require the following assurance that each...
Section 8-403 - Demand That Issuer Not Register Transfer - (a) A person who is an appropriate person to make...
Section 8-404 - Wrongful Registration - (a) Except as otherwise provided in § 8-406 of this...
Section 8-405 - Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate - (a) If an owner of a certificated security, whether in...
Section 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 8-407 - Authenticating Trustee, Transfer Agent, and Registrar - A person acting as authenticating trustee, transfer agent, registrar, or...
Subtitle 5 - Security Entitlements
Section 8-501 - Securities Account; Acquisition of Security Entitlement From Securities Intermediary - (a) “Securities account” means an account to which a financial...
Section 8-502 - Assertion of Adverse Claim Against Entitlement Holder - An action based on an adverse claim to a financial...
Section 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 8-504 - Duty of Securities Intermediary to Maintain Financial Asset - (a) A securities intermediary shall promptly obtain and thereafter maintain...
Section 8-505 - Duty of Securities Intermediary With Respect to Payments and Distributions - (a) A securities intermediary shall take action to obtain a...
Section 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 8-507 - Duties of Securities Intermediary to Comply With Entitlement Order - (a) A securities intermediary shall comply with an entitlement order...
Section 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 8-509 - Duty of Securities Intermediary Specified 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 8-510 - Rights of Purchaser of Security Entitlement From Entitlement Holder - (a) In a case not covered by the priority rules...
Section 8-511 - Priority Among Security Interests and Entitlement Holders - (a) Except as otherwise provided in subsections (b) and (c)...