Title 11. COMMERCIAL CODE

Chapter 8.

54 sections · 11-8-101 to 11-8-603

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Article 8. INVESTMENT SECURITIES · Part 1. SHORT TITLE AND GENERAL MATTERS

11-8-101Short title.
11-8-102Definitions.
11-8-103Rules for determining whether certain obligations and interests are securities or financial assets.
11-8-104Acquisition of security or financial asset or interest therein.
11-8-105Notice of adverse claim.
11-8-106Control.
11-8-107Whether indorsement, instruction, or entitlement order is effective.
11-8-108Warranties in direct holding.
11-8-109Warranties in indirect holding.
11-8-110Applicability; choice of law.
11-8-111Clearing corporation rules.
11-8-112Creditor’s legal process.
11-8-113Statute of frauds inapplicable.
11-8-114Evidentiary rules concerning certificated securities.
11-8-115Securities intermediary and others not liable to adverse claimant.
11-8-116Securities intermediary as purchaser for value.

11-8-201Issuer.
11-8-202Issuer’s responsibility and defenses; notice of defect or defense.
11-8-203Staleness as notice of defect or defense.
11-8-204Effect of issuer’s restriction on transfer.
11-8-205Effect of unauthorized signature on security certificate.
11-8-206Completion or alteration of security certificate.
11-8-207Rights and duties of issuer with respect to registered owners.
11-8-208Effect of signature of authenticating trustee, registrar, or transfer agent.
11-8-209Issuer’s lien.
11-8-210Overissue.

11-8-401Duty of issuer to register transfer.
11-8-402Assurance that indorsement or instruction is effective.
11-8-403Demand that issuer not register transfer.
11-8-404Wrongful registration.
11-8-405Replacement of lost, destroyed, or wrongfully taken security certificate.
11-8-406Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.
11-8-407Authenticating trustee, transfer agent, and registrar.

11-8-501Securities account; acquisition of security entitlement from securities intermediary.
11-8-502Assertion of adverse claim against entitlement holder.
11-8-503Property interest of entitlement holder in financial asset held by securities intermediary.
11-8-504Duty of securities intermediary to maintain financial asset.
11-8-505Duty of securities intermediary with respect to payments and distributions.
11-8-506Duty of securities intermediary to exercise rights as directed by entitlement holder.
11-8-507Duty of securities intermediary to comply with entitlement order.
11-8-508Duty of securities intermediary to change entitlement holder’s position to other form of security holding.
11-8-509Specification 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.
11-8-510Rights of purchaser of security entitlement from entitlement holder.
11-8-511Priority among security interests and entitlement holders.