§12A-8-402. Assurance that Indorsement or Instruction Is Effective.
Assurance that Indorsement or Instruction is Effective. (a) An issuer may require the following assurance that each necessary indorsement or each instruction is genuine and authorized: (1)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; […]
§12A-8-511. Priority Among Security Interests and Entitlement Holders.
Priority Among Security Interests and Entitlement Holders. (a) Except as otherwise provided in subsections (b) and (c) of this section, if a securities intermediary does not have sufficient interests in a particular financial asset to satisfy both its obligations to entitlement holders who have security entitlements to that financial asset and its obligation to a […]
§12A-8-403. Demand that Issuer not Register Transfer.
Demand that Issuer not Register Transfer. (a) 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 […]
§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-8-206. Completion or Alteration of Security Certificate.
Completion or Alteration of Security Certificate. (a) If a security certificate contains the signatures necessary to its issue or transfer but is incomplete in any other respect: (1)any person may complete it by filling in the blanks as authorized; and (2)even if the blanks are incorrectly filled in, the security certificate as completed is enforceable […]
§12A-8-207. Rights and Duties of Issuer with Respect to Registered Owners.
Rights and Duties of Issuer with Respect to Registered Owners. (a) 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 […]
§12A-8-208. Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent.
Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent. (a) 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: (1)the certificate is genuine; (2)the person’s own participation […]
§12A-8-209. Issuer’s Lien.
Issuer’s Lien. A lien in favor of an issuer upon certificated security is valid against a purchaser only if the right of the issuer to the lien is noted conspicuously on the security certificate. Added by Laws 1995, c. 242, § 25, eff. Feb. 1, 1996.