§12A-8-603. Savings clause.
A. This act does not affect an action or proceeding commenced before this act takes effect. B. If a security interest in a security is perfected before this act takes effect, and the action by which the security interest was perfected would suffice to perfect a security interest under this act, no further action is […]
§12A-8-404. Wrongful Registration.
Wrongful Registration. (a) Except as otherwise provided in Section 8-406 of this title, 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: (1)pursuant to an ineffective indorsement or instruction; (2)after a demand that […]
§12A-11-101. Preservation of Old Transition Provision.
Preservation of Old Transition Provision. – The provisions of Section 10-103 of this title shall continue to apply to this act, and for this purpose, the U.C.C. prior to this act and after this act shall be considered one continuous statute. Laws 1981, c. 194, § 39.
§12A-8-405. Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate.
Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate. (a) 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: (1)so requests before the issuer has notice that the certificate has […]
§12A-11-102. Transition to This Act; General Rule.
Transition to This Act; General Rule. – Transactions validly entered into after December 31, 1962, and before October 1, 1981 and which were subject to the provisions of the U.C.C. prior to this act, and which would be subject to this act, as amended if they had been entered into after the effective date of […]
§12A-8-405.1. Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully Taken Security Certificate.
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 […]
§12A-8-406. Authenticating Trustee, Transfer Agent, and Registrar.
Authenticating Trustee, Transfer Agent, and Registrar. A person acting as authenticating trustee, transfer agent, registrar, or other agent for an issuer in the registration of a transfer of its securities, in the issue of new security certificates or uncertificated securities, or in the cancellation of surrendered: security certificates has the same obligation to the holder […]
§12A-8-501. Securities Account; Acquisition of Security Entitlement from Securities Intermediary.
Securities Account; Acquisition of Security Entitlement from Securities Intermediary. (a) “Securities account” means an account to which a financial asset is or may be credited in accordance with an agreement under which the person maintaining the account undertakes to treat the person for whom the account is maintained as entitled to exercise the rights that […]
§12A-8-502. Assertion of Adverse Claim Against Entitlement Holder.
Assertion of Adverse Claim Against Entitlement Holder. An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be asserted against a person who acquires a security entitlement under Section 8-501 of this title for value and without notice of the […]
§12A-8-503. Property Interest of Entitlement Holder in Financial Asset Held by Securities Intermediary.
Property Interest of Entitlement Holder in Financial Asset Held by Securities Intermediary. (a) To the extent necessary for a securities intermediary to satisfy all security entitlements with respect to a particular financial asset, all interests in that financial asset held by the securities intermediary are held by the securities intermediary for the entitlement holders, are […]