§ 11-8-509. Specification 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
If the substance of a duty imposed upon a securities intermediary by Code Sections 11-8-504 through 11-8-508 is the subject of other statute, regulation, or rule, compliance with that statute, regulation, or rule satisfies the duty. To the extent that specific standards for the performance of the duties of a securities intermediary or the exercise […]
§ 11-8-510. Rights of Purchaser of Security Entitlement From Entitlement Holder
In a case not covered by the priority rules in Article 9 of this title or the rules stated in subsection (c) of this Code section, an action based on an adverse claim to a financial asset or security entitlement, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be […]
§ 11-8-402. Assurance That Indorsement or Instruction Is Effective
An issuer may require the following assurance that each necessary indorsement or each instruction is genuine and authorized: In all cases, a guaranty of the signature of the person making an indorsement or originating an instruction including, in the case of an instruction, reasonable assurance of identity; If the indorsement is made or the instruction […]
§ 11-8-204. Effect of Issuer’s Restriction on Transfer
A restriction on transfer of a security imposed by the issuer, even if otherwise lawful, is ineffective against a person without knowledge of the restriction unless: The security is certificated and the restriction is noted conspicuously on the security certificate; or The security is uncertificated and the registered owner has been notified of the restriction. […]
§ 11-8-403. Demand That Issuer Not Register Transfer
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 provides an address for communications directed […]
§ 11-8-205. Effect of Unauthorized Signature on Security Certificate
An unauthorized signature placed on a security certificate before or in the course of issue is ineffective, but the signature is effective in favor of a purchaser for value of the certificated security if the purchaser is without notice of the lack of authority and the signing has been done by: An authenticating trustee, registrar, […]
§ 11-8-404. Wrongful Registration
Except as otherwise provided in Code Section 11-8-406, 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: Pursuant to an ineffective indorsement or instruction; After a demand that the issuer not register transfer […]
§ 11-8-206. Completion or Alteration of Security Certificate
If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect: Any person may complete it by filling in the blanks as authorized; and Even if the blanks are incorrectly filled in, the security certificate as completed is enforceable by a purchaser who took it for […]
§ 11-8-405. Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate
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: So requests before the issuer has notice that the certificate has been acquired by a protected purchaser; Files with the issuer […]
§ 11-8-207. Rights and Duties of Issuer With Respect to Registered Owners
Before due presentment for registration of transfer of a certificated security in registered form or of an instruction requesting registration of transfer of an uncertificated security, the issuer or indenture trustee may treat the registered owner as the person exclusively entitled to vote, receive notifications, and otherwise exercise all the rights and powers of an […]