CHAPTER 1. Short Title and General Matters
Chapter 1 added by Stats. 1996, Ch. 497, Sec. 9.
§§ 8101–8116 · 16 sections
- § 8101 This division may be cited as Uniform Commercial Code—Investment Securities.
- § 8102 (a) In this division: (1) “Adverse claim” means a claim that a claimant has a property interest in a financial asset and that it is a violation of the rights…
- § 8103 (a) A share or similar equity interest issued by a corporation, business trust, joint stock company, or similar entity is a security. (b) An “investment…
- § 8104 (a) A person acquires a security or an interest therein, under this division, if either of the following applies: (1) The person is a purchaser to whom a…
- § 8105 (a) A person has notice of an adverse claim if any of the following applies: (1) The person knows of the adverse claim. (2) The person is aware of facts…
- § 8106 (a) A purchaser has “control” of a certificated security in bearer form if the certificated security is delivered to the purchaser. (b) A purchaser has…
- § 8107 (a) “Appropriate person” means any of the following: (1) With respect to an endorsement, the person specified by a security certificate or by an effective…
- § 8108 (a) A person who transfers a certificated security to a purchaser for value warrants to the purchaser, and an endorser, if the transfer is by endorsement,…
- § 8109 (a) A person who originates an entitlement order to a securities intermediary warrants all of the following to the securities intermediary: (1) The entitlement…
- § 8110 (a) The local law of the issuer’s jurisdiction, as specified in subdivision (d), governs the following: (1) The validity of a security. (2) The rights and…
- § 8111 A rule adopted by a clearing corporation governing rights and obligations among the clearing corporation and its participants in the clearing corporation is…
- § 8112 (a) The interest of a debtor in a certificated security may be reached by a creditor only by actual seizure of the security certificate by the officer making…
- § 8113 A contract or modification of a contract for the sale or purchase of a security is enforceable whether or not there is a writing signed or record authenticated…
- § 8114 The following rules apply in an action on a certificated security against the issuer: (a) Unless specifically denied in the pleadings, each signature on a…
- § 8115 A securities intermediary that has transferred a financial asset pursuant to an effective entitlement order, or a broker or other agent or bailee that has…
- § 8116 A securities intermediary that receives a financial asset and establishes a security entitlement to the financial asset in favor of an entitlement holder is a…