Revised Code of Washington
Chapter 62A.8 - Investment Securities.
62A.8-301 - Delivery.

RCW 62A.8-301
Delivery.

(1) Delivery of a certificated security to a purchaser occurs when:
(a) The purchaser acquires possession of the security certificate;
(b) Another person, other than a securities intermediary, either acquires possession of the security certificate on behalf of the purchaser or, having previously acquired possession of the certificate, acknowledges that it holds for the purchaser; or
(c) A securities intermediary acting on behalf of the purchaser acquires possession of the security certificate, only if the certificate is in registered form and is (i) registered in the name of the purchaser, (ii) payable to the order of the purchaser, or (iii) specially indorsed to the purchaser by an effective indorsement and has not been indorsed to the securities intermediary or in blank.
(2) Delivery of an uncertificated security to a purchaser occurs when:
(a) The issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or
(b) Another person, other than a securities intermediary, either becomes the registered owner of the uncertificated security on behalf of the purchaser or, having previously become the registered owner, acknowledges that it holds for the purchaser.

[2000 c 250 § 9A-818; 1995 c 48 § 27; 1986 c 35 § 16; 1965 ex.s. c 157 § 8-301. Cf. former RCW sections: (i) RCW 23.80.070; 1939 c 100 § 7; RRS § 3803-107; formerly RCW 23.20.080. (ii) RCW 62.01.052; 1955 c 35 § 62.01.052; prior: 1899 c 149 § 52; RRS § 3443. (iii) RCW 62.01.057 through 62.01.059; 1955 c 35 §§ 62.01.057 through 62.01.059; prior: 1899 c 149 §§ 57 through 59; RRS §§ 3448 through 3450.]
NOTES:

Effective date—2000 c 250: See RCW 62A.9A-701.


Effective date—1995 c 48: See RCW 62A.11-113.

Structure Revised Code of Washington

Revised Code of Washington

Title 62A - Uniform Commercial Code

Chapter 62A.8 - Investment Securities.

62A.8-101 - Short title.

62A.8-102 - Definitions.

62A.8-103 - Rules for determining whether certain obligations and interests are securities or financial assets.

62A.8-104 - Acquisition of security or financial asset or interest therein.

62A.8-105 - Notice of adverse claim.

62A.8-106 - Control.

62A.8-107 - Whether indorsement, instruction, or entitlement is effective.

62A.8-108 - Warranties in direct holding.

62A.8-109 - Warranties in indirect holding.

62A.8-110 - Applicability; choice of law.

62A.8-111 - Clearing corporation rules.

62A.8-112 - Creditor's legal process.

62A.8-113 - Statute of frauds inapplicable.

62A.8-114 - Evidentiary rules concerning certificated securities.

62A.8-115 - Securities intermediary and others not liable to adverse claimant.

62A.8-116 - Securities intermediary as purchaser for value.

62A.8-201 - Issuer.

62A.8-202 - Issuer's responsibility and defenses; notice of defect or defense.

62A.8-203 - Staleness as notice of defect or defense.

62A.8-204 - Effect of issuer's restrictions on transfer.

62A.8-205 - Effect of unauthorized signature on security certificate.

62A.8-206 - Completion or alteration of security certificate.

62A.8-207 - Rights and duties of issuer with respect to registered owners.

62A.8-208 - Effect of signature of authenticating trustee, registrar, or transfer agent.

62A.8-209 - Issuer's lien.

62A.8-210 - Overissue.

62A.8-301 - Delivery.

62A.8-302 - Rights of purchaser.

62A.8-303 - Protected purchaser.

62A.8-304 - Indorsement.

62A.8-305 - Instruction.

62A.8-306 - Effect of guaranteeing signature, indorsement, or instruction.

62A.8-307 - Purchaser's right to requisites for registration of transfer.

62A.8-401 - Duty of issuer to register transfer.

62A.8-402 - Assurance that indorsement or instruction is effective.

62A.8-403 - Demand that issuer not register transfer.

62A.8-404 - Wrongful registration.

62A.8-405 - Replacement of lost, destroyed, or wrongfully taken security certificate.

62A.8-406 - Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.

62A.8-407 - Authenticating trustee, transfer agent, and registrar.

62A.8-501 - Securities account; acquisition of security entitlement from securities intermediary.

62A.8-502 - Assertion of adverse claim against entitlement holder.

62A.8-503 - Property interest of entitlement holder in financial asset held by securities intermediary.

62A.8-504 - Duty of securities intermediary to maintain financial asset.

62A.8-505 - Duty of securities intermediary with respect to payments and distributions.

62A.8-506 - Duty of securities intermediary to exercise rights as directed by entitlement holder.

62A.8-507 - Duty of securities intermediary to comply with entitlement order.

62A.8-508 - Duty of securities intermediary to change entitlement holder's position to other form of security holding.

62A.8-509 - Specification of duties of securities intermediary by other statute or regulation; manner of performance of duties of securities intermediary and exercise of rights of entitlement holder.

62A.8-510 - Rights of purchaser of security entitlement from entitlement holder.

62A.8-511 - Priority among security interests and entitlement holders.

62A.8-601 - Savings clause.