336.8-301 MS 1994 [Repealed, 1995 c 194 art 1 s 53] 336.8-301 DELIVERY. (a) Delivery of a certificated security to a purchaser occurs when: (1) the purchaser acquires possession of the security certificate; (2) another person, other than a securities intermediary, either acquires possession of the security certificate on behalf of the purchaser or, having […]
336.8-302 MS 1994 [Repealed, 1995 c 194 art 1 s 53] 336.8-302 RIGHTS OF PURCHASER. (a) Except as otherwise provided in subsections (b) and (c), a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer. (b) A purchaser of a limited interest […]
336.8-303 MS 1994 [Repealed, 1995 c 194 art 1 s 53] 336.8-303 PROTECTED PURCHASER. (a) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who: (1) gives value; (2) does not have notice of any adverse claim to the security; and (3) obtains control of the certificated or […]
336.8-304 MS 1994 [Repealed, 1995 c 194 art 1 s 53] 336.8-304 ENDORSEMENT. (a) An endorsement may be in blank or special. An endorsement in blank includes an endorsement to bearer. A special endorsement specifies to whom a security is to be transferred or who has power to transfer it. A holder may convert a […]
336.8-305 MS 1994 [Repealed, 1995 c 194 art 1 s 53] 336.8-305 INSTRUCTION. (a) If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized and the issuer may rely on it as completed, even though it has been completed incorrectly. (b) […]
336.8-306 MS 1994 [Repealed, 1995 c 194 art 1 s 53] 336.8-306 EFFECT OF GUARANTEEING SIGNATURE, ENDORSEMENT, OR INSTRUCTION. (a) A person who guarantees a signature of an endorser of a security certificate warrants that at the time of signing: (1) the signature was genuine; (2) the signer was an appropriate person to endorse, or […]
336.8-307 MS 1994 [Repealed, 1995 c 194 art 1 s 53] 336.8-307 PURCHASER’S RIGHT TO REQUISITES FOR REGISTRATION OF TRANSFER. Unless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any other requisite necessary to obtain registration of the transfer of the […]
