§ 8.8A-104. Acquisition of security or financial asset or interest therein
(a) A person acquires a security or an interest therein, under this title, if: (1) the person is a purchaser to whom a security is delivered pursuant to § 8.8A-301; or (2) the person acquires a security entitlement to the security pursuant to § 8.8A-501. (b) A person acquires a financial asset, other than a […]
§ 8.8A-105. Notice of adverse claim
(a) A person has notice of an adverse claim if: (1) the person knows of the adverse claim; (2) the person is aware of facts sufficient to indicate that there is a significant probability that the adverse claim exists and deliberately avoids information that would establish the existence of the adverse claim; or (3) the […]
§ 8.8A-106. Control
(a) A purchaser has “control” of a certificated security in bearer form if the certificated security is delivered to the purchaser. (b) A purchaser has “control” of a certificated security in registered form if the certificated security is delivered to the purchaser, and: (1) the certificate is endorsed to the purchaser or in blank by […]
§ 8.8A-107. Whether endorsement, instruction or entitlement order is effective
(a) “Appropriate person” means: (1) with respect to an endorsement, the person specified by a security certificate or by an effective special endorsement to be entitled to the security; (2) with respect to an instruction, the registered owner of an uncertificated security; (3) with respect to an entitlement order, the entitlement holder; (4) if the […]
§ 8.8A-101. Short title
This title may be cited as Uniform Commercial Code — Investment Securities. 1996, c. 216.
§ 8.8A-102. Definitions
(a) In this title: (1) “Adverse claim” means a claim that a claimant has a property interest in a financial asset and that it is a violation of the rights of the claimant for another person to hold, transfer, or deal with the financial asset. (2) “Bearer form,” as applied to a certificated security, means […]