§ 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 […]
§ 11-8-406. 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 receiving notification, the owner may not assert against the issuer a […]
§ 11-8-208. Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent
A person signing a security certificate as authenticating trustee, registrar, transfer agent, or the like, warrants to a purchaser for value of the certificated security, if the purchaser is without notice of a particular defect, that: The certificate is genuine; The person’s own participation in the issue of the security is within the person’s capacity […]
§ 11-8-209. Issuer’s Lien
A lien in favor of an issuer upon a certificated security is valid against a purchaser only if the right of the issuer to the lien is noted conspicuously on the security certificate. History. Code 1981, § 11-8-209 , enacted by Ga. L. 1998, p. 1323, § 1.
§ 11-8-210. Overissue
In this Code section, “overissue” means the issue of securities in excess of the amount the issuer has corporate power to issue, but an overissue does not occur if appropriate action has cured the overissue. Except as otherwise provided in subsections (c) and (d) of this Code section, the provisions of this article which validate […]
§ 11-8-301. Delivery
Delivery of a certificated security to a purchaser occurs when: The purchaser acquires possession of the security certificate; Another person, other than a securities intermediary, either acquires possession of the security certificate on behalf of the purchaser or, having previously acquired possession of the certificate, acknowledges that it holds for the purchaser; or A securities […]
§ 11-8-302. Rights of Purchaser
Except as otherwise provided in subsections (b) and (c) of this Code section, a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer. A purchaser of a limited interest acquires rights only to the extent of the interest purchased. A purchaser of […]
§ 11-8-303. Protected Purchaser
“Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who: Gives value; Does not have notice of any adverse claim to the security; and Obtains control of the certificated or uncertificated security. In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest […]