CHAPTER 5. Security Entitlements [8501. - 8511.]
Chapter 5 added by Stats. 1996, Ch. 497, Sec. 9.
§§ 8501–8511 · 11 sections
- § 8501 (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…
- § 8502 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…
- § 8503 (a) To the extent necessary for a securities intermediary to satisfy all security entitlements with respect to a particular financial asset, all interests in…
- § 8504 (a) A securities intermediary shall promptly obtain and thereafter maintain a financial asset in a quantity corresponding to the aggregate of all security…
- § 8505 (a) A securities intermediary shall take action to obtain a payment or distribution made by the issuer of a financial asset. A securities intermediary…
- § 8506 A securities intermediary shall exercise rights with respect to a financial asset if directed to do so by an entitlement holder. A securities intermediary…
- § 8507 (a) A securities intermediary shall comply with an entitlement order if the entitlement order is originated by the appropriate person, the securities…
- § 8508 A securities intermediary shall act at the direction of an entitlement holder to change a security entitlement into another available form of holding for which…
- § 8509 (a) If the substance of a duty imposed upon a securities intermediary by Sections 8504 to 8508, inclusive, is the subject of a federal statute, regulation, or…
- § 8510 (a) In a case not covered by the priority rules in Division 9 (commencing with Section 9101) or the rules stated in subdivision (c), an action based on an…
- § 8511 (a) Except as otherwise provided in subdivisions (b) and (c), if a securities intermediary does not have sufficient interests in a particular financial asset…