§ 11-8-106. Control
A purchaser has “control” of a certificated security in bearer form if the certificated security is delivered to the purchaser. A purchaser has “control” of a certificated security in registered form if the certificated security is delivered to the purchaser, and: The certificate is indorsed to the purchaser or in blank by an effective indorsement; […]
§ 11-8-107. Whether Indorsement, Instruction, or Entitlement Order Is Effective
“Appropriate person” means: With respect to an indorsement, the person specified by a security certificate or by an effective special indorsement to be entitled to the security; With respect to an instruction, the registered owner of an uncertificated security; With respect to an entitlement order, the entitlement holder; If the person designated in paragraph (1), […]
§ 11-8-108. Warranties in Direct Holding
A person who transfers a certificated security to a purchaser for value warrants to the purchaser, and an indorser, if the transfer is by indorsement, warrants to any subsequent purchaser, that: The certificate is genuine and has not been materially altered; The transferor or indorser does not know of any fact that might impair the […]