A person who originates an entitlement order to a securities intermediary warrants to the securities intermediary that:
A person who delivers a security certificate to a securities intermediary for credit to a securities account or originates an instruction with respect to an uncertificated security directing that the uncertificated security be credited to a securities account makes to the securities intermediary the warranties specified in Section 75-8-108(a) or (b).
If a securities intermediary delivers a security certificate to its entitlement holder or causes its entitlement holder to be registered as the owner of an uncertificated security, the securities intermediary makes to the entitlement holder the warranties specified in Section 75-8-108(a) or (b).
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 8 - Uniform Commercial Code-Revised Article 8. Investment Securities
Part 1 - . Short Title and General Matters
§ 75-8-104. Acquisition of security or financial asset or interest therein
§ 75-8-105. Notice of adverse claim
§ 75-8-107. Whether indorsement, instruction, or entitlement order is effective
§ 75-8-108. Warranties in direct holding
§ 75-8-109. Warranties in indirect holding
§ 75-8-110. Applicability; choice of law
§ 75-8-111. Clearing corporation rules
§ 75-8-112. Creditor's legal process
§ 75-8-113. Statute of frauds inapplicable
§ 75-8-114. Evidentiary rules concerning certificated securities
§ 75-8-115. Securities intermediary and others not liable to adverse claimant