Michigan Compiled Laws
Article 8 - Investment Securities (440.8101...440.8601)
174-1962-8-5 - Part 5 Security Entitlements (440.8501...440.8511)

Section 440.8501 - “Securities Account” Defined; Acquisition of Security Entitlement; Conditions; Directly Held Financial Asset; Issuance Not as Security Entitlement. - Sec. 8501. (1) "Securities account" means an account to which...

Section 440.8502 - Action Based on Adverse Claim. - Sec. 8502. An action based on an adverse claim to...

Section 440.8503 - Entitlement Holder Property Interest. - Sec. 8503. (1) To the extent necessary for a securities...

Section 440.8504 - Maintenance of Financial Asset by Securities Intermediary; Quantity; Manner; Limitation; Duties; Applicability to Clearing Corporation. - Sec. 8504. (1) A securities intermediary shall promptly obtain and...

Section 440.8505 - Obtaining Payment or Distribution Made by Issuer of Financial Asset; Duties and Obligations of Securities Intermediary. - Sec. 8505. (1) A securities intermediary shall take action to...

Section 440.8506 - Duty of Securities Intermediary to Exercise Rights With Respect to Financial Asset; Conditions. - Sec. 8506. A securities intermediary shall exercise rights with respect...

Section 440.8507 - Compliance With Entitlement Order by Securities Intermediary; Conditions; Wrongful Transfer of Financial Asset Pursuant to Ineffective Entitlement Order; Liability. - Sec. 8507. (1) A securities intermediary shall comply with an...

Section 440.8508 - Changing Security Entitlement Into Another Form of Holding; Transferring Financial Asset to Securities Account of Entitlement Holder; Duties of Securities Intermediary; Conditions. - Sec. 8508. A securities intermediary shall act at the direction...

Section 440.8509 - Performance of Duties by Securities Intermediary. - Sec. 8509. (1) If the substance of a duty imposed...

Section 440.8510 - Assertion of Action Based on Adverse Claim; Prohibition; Conditions; Priority. - Sec. 8510. (1) In a case not covered by the...

Section 440.8511 - Priority of Claims. - Sec. 8511. (1) Except as otherwise provided in subsections (2)...