§ 8112. Creditor's legal process.
(a) Interest of debtor in certificated security.--The interest of a debtor in a certificated security may be reached by a creditor only by actual seizure of the security certificate by the officer making the attachment or levy, except as otherwise provided in subsection (d). However, a certificated security for which the certificate has been surrendered to the issuer may be reached by a creditor by legal process upon the issuer.
(b) Interest of debtor in uncertificated security.--The interest of a debtor in an uncertificated security may be reached by a creditor only by legal process upon the issuer at its chief executive office in the United States, except as otherwise provided in subsection (d).
(c) Interest of debtor in security entitlement.--The interest of a debtor in a security entitlement may be reached by a creditor only by legal process upon the securities intermediary with whom the debtor's securities account is maintained, except as otherwise provided in subsection (d).
(d) Interest of debtor; secured party.--The interest of a debtor in a certificated security for which the certificate is in the possession of a secured party, or in an uncertificated security registered in the name of a secured party, or a security entitlement maintained in the name of a secured party, may be reached by a creditor by legal process upon the secured party.
(e) Creditor; aid from court.--A creditor whose debtor is the owner of a certificated security, uncertificated security or security entitlement is entitled to aid from a court of competent jurisdiction, by injunction or otherwise, in reaching the certificated security, uncertificated security or security entitlement or in satisfying the claim by means allowed at law or in equity in regard to property that cannot readily be reached by other legal process.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 81 - Short Title and General Matters
Section 8101 - Short title of division
Section 8104 - Acquisition of security or financial asset or interest therein
Section 8105 - Notice of adverse claim
Section 8107 - Whether indorsement, instruction or entitlement order is effective
Section 8108 - Warranties in direct holding
Section 8109 - Warranties in indirect holding
Section 8110 - Applicability; choice of law
Section 8111 - Clearing corporation rules
Section 8112 - Creditor's legal process
Section 8113 - Statute of frauds inapplicable
Section 8114 - Evidentiary rules concerning certificated securities
Section 8115 - Securities intermediary and others not liable to adverse claimant
Section 8116 - Securities intermediary as purchaser for value