678.4031 – Demand that issuer not register transfer.
678.4031 Demand that issuer not register transfer.— (1) A person who is an appropriate person to make an indorsement or originate an instruction may demand that the issuer not register transfer of a security by communicating to the issuer a notification that identifies the registered owner and the issue of which the security is a part and […]
678.4041 – Wrongful registration.
678.4041 Wrongful registration.— (1) Except as otherwise provided in s. 678.4061, an issuer is liable for wrongful registration of transfer if the issuer has registered a transfer of a security to a person not entitled to it, and the transfer was registered: (a) Pursuant to an ineffective indorsement or instruction; (b) After a demand that the issuer not register […]
678.4051 – Replacement of lost, destroyed, or wrongfully taken security certificate.
678.4051 Replacement of lost, destroyed, or wrongfully taken security certificate.— (1) If an owner of a certificated security, whether in registered or bearer form, claims that the certificate has been lost, destroyed, or wrongfully taken, the issuer shall issue a new certificate if the owner: (a) So requests before the issuer has notice that the certificate has been […]
678.4061 – Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.
678.4061 Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.—If a security certificate has been lost, apparently destroyed, or wrongfully taken, and the owner fails to notify the issuer of that fact within a reasonable time after the owner has notice of it and the issuer registers a transfer of the security before […]
678.4071 – Authenticating trustee, transfer agent, and registrar.
678.4071 Authenticating trustee, transfer agent, and registrar.—A person acting as authenticating trustee, transfer agent, registrar, or other agent for an issuer in the registration of a transfer of its securities, in the issue of new security certificates or uncertificated securities, or in the cancellation of surrendered security certificates has the same obligation to the holder or […]
678.5011 – Securities account; acquisition of security entitlement from securities intermediary.
678.5011 Securities account; acquisition of security entitlement from securities intermediary.— (1) “Securities account” means an account to which a financial asset is or may be credited in accordance with an agreement under which the person maintaining the account undertakes to treat the person for whom the account is maintained as entitled to exercise the rights that comprise […]
678.5021 – Assertion of adverse claim against entitlement holder.
678.5021 Assertion of adverse claim against entitlement holder.—An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be asserted against a person who acquires a security entitlement under s. 678.5011 for value and without notice of the adverse claim. History.—s. 5, […]
678.5031 – Property interest of entitlement holder in financial asset held by securities intermediary.
678.5031 Property interest of entitlement holder in financial asset held by securities intermediary.— (1) To the extent necessary for a securities intermediary to satisfy all security entitlements with respect to a particular financial asset, all interests in that financial asset held by the securities intermediary are held by the securities intermediary for the entitlement holders, are not […]
678.5041 – Duty of securities intermediary to maintain financial asset.
678.5041 Duty of securities intermediary to maintain financial asset.— (1) A securities intermediary shall promptly obtain and thereafter maintain a financial asset in a quantity corresponding to the aggregate of all security entitlements it has established in favor of its entitlement holders with respect to that financial asset. The securities intermediary may maintain those financial assets directly […]
678.5051 – Duty of securities intermediary with respect to payments and distributions.
678.5051 Duty of securities intermediary with respect to payments and distributions.— (1) A securities intermediary shall take action to obtain a payment or distribution made by the issuer of a financial asset. A securities intermediary satisfies the duty if: (a) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the […]