678.1171 – Application of ch. 98-11.
678.1171 Application of ch. 98-11.— (1) This act does not affect an action or proceeding commenced before this act takes effect. (2) If a security interest in a security is perfected at the date this act takes effect, and the action by which the security interest was perfected would suffice to perfect a security interest under this act, […]
678.1141 – Evidentiary rules concerning certificated securities.
678.1141 Evidentiary rules concerning certificated securities.—The following rules apply in an action on a certificated security against the issuer: (1) Unless specifically denied in the pleadings, each signature on a security certificate or in a necessary indorsement is admitted. (2) If the effectiveness of a signature is put in issue, the burden of establishing effectiveness is on the […]
678.1151 – Securities intermediary and others not liable to adverse claimant.
678.1151 Securities intermediary and others not liable to adverse claimant.—A securities intermediary that has transferred a financial asset pursuant to an effective entitlement order, or a broker or other agent or bailee that has dealt with a financial asset at the direction of its customer or principal, is not liable to a person having an adverse […]
678.1161 – Securities intermediary as purchaser for value.
678.1161 Securities intermediary as purchaser for value.—A securities intermediary that receives a financial asset and establishes a security entitlement to the financial asset in favor of an entitlement holder is a purchaser for value of the financial asset. A securities intermediary that acquires a security entitlement to a financial asset from another securities intermediary acquires the […]
678.1011 – Short title.
678.1011 Short title.—Chapter 678 may be cited as “Uniform Commercial Code—Investment Securities.” History.—s. 1, ch. 98-11.
678.1021 – Definitions.
678.1021 Definitions.— (1) In this chapter: (a) “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. (b) “Bearer form,” as applied to a certificated security, means a form […]
678.1031 – Rules for determining whether certain obligations and interests are securities or financial assets.
678.1031 Rules for determining whether certain obligations and interests are securities or financial assets.— (1) A share or similar equity interest issued by a corporation, business trust, joint stock company, or similar entity is a security. (2) An “investment company security” is a security. “Investment company security” means a share or similar equity interest issued by an entity […]
678.1041 – Acquisition of security or financial asset or interest therein.
678.1041 Acquisition of security or financial asset or interest therein.— (1) A person acquires a security or an interest therein, under this chapter, if: (a) The person is a purchaser to whom a security is delivered pursuant to s. 678.3011; or (b) The person acquires a security entitlement to the security pursuant to s. 678.5011. (2) A person acquires a […]
678.1051 – Notice of adverse claim.
678.1051 Notice of adverse claim.— (1) A person has notice of an adverse claim if: (a) The person knows of the adverse claim; (b) 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 (c) The […]
678.1061 – Control.
678.1061 Control.— (1) A purchaser has “control” of a certificated security in bearer form if the certificated security is delivered to the purchaser. (2) A purchaser has “control” of a certificated security in registered form if the certificated security is delivered to the purchaser, and: (a) The certificate is indorsed to the purchaser or in blank by an effective […]