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These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

Article 8

INVESTMENT SECURITIES

Sections

PART 1
SHORT TITLE AND GENERAL MATTERS
HTMLPDF 62A.8-101Short title.
HTMLPDF 62A.8-102Definitions.
HTMLPDF 62A.8-103Rules for determining whether certain obligations and interests are securities or financial assets.
HTMLPDF 62A.8-104Acquisition of security or financial asset or interest therein.
HTMLPDF 62A.8-105Notice of adverse claim.
HTMLPDF 62A.8-106Control.
HTMLPDF 62A.8-107Whether indorsement, instruction, or entitlement is effective.
HTMLPDF 62A.8-108Warranties in direct holding.
HTMLPDF 62A.8-109Warranties in indirect holding.
HTMLPDF 62A.8-110Applicability; choice of law.
HTMLPDF 62A.8-111Clearing corporation rules.
HTMLPDF 62A.8-112Creditor's legal process.
HTMLPDF 62A.8-113Statute of frauds inapplicable.
HTMLPDF 62A.8-114Evidentiary rules concerning certificated securities.
HTMLPDF 62A.8-115Securities intermediary and others not liable to adverse claimant.
HTMLPDF 62A.8-116Securities intermediary as purchaser for value.
PART 2
ISSUE AND ISSUER
HTMLPDF 62A.8-201Issuer.
HTMLPDF 62A.8-202Issuer's responsibility and defenses; notice of defect or defense.
HTMLPDF 62A.8-203Staleness as notice of defect or defense.
HTMLPDF 62A.8-204Effect of issuer's restrictions on transfer.
HTMLPDF 62A.8-205Effect of unauthorized signature on security certificate.
HTMLPDF 62A.8-206Completion or alteration of security certificate.
HTMLPDF 62A.8-207Rights and duties of issuer with respect to registered owners.
HTMLPDF 62A.8-208Effect of signature of authenticating trustee, registrar, or transfer agent.
HTMLPDF 62A.8-209Issuer's lien.
HTMLPDF 62A.8-210Overissue.
PART 3
TRANSFER OF CERTIFICATED AND
UNCERTIFICATED SECURITIES
HTMLPDF 62A.8-301Delivery.
HTMLPDF 62A.8-302Rights of purchaser.
HTMLPDF 62A.8-303Protected purchaser.
HTMLPDF 62A.8-304Indorsement.
HTMLPDF 62A.8-305Instruction.
HTMLPDF 62A.8-306Effect of guaranteeing signature, indorsement, or instruction.
HTMLPDF 62A.8-307Purchaser's right to requisites for registration of transfer.
PART 4
REGISTRATION
HTMLPDF 62A.8-401Duty of issuer to register transfer.
HTMLPDF 62A.8-402Assurance that indorsement or instruction is effective.
HTMLPDF 62A.8-403Demand that issuer not register transfer.
HTMLPDF 62A.8-404Wrongful registration.
HTMLPDF 62A.8-405Replacement of lost, destroyed, or wrongfully taken security certificate.
HTMLPDF 62A.8-406Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.
HTMLPDF 62A.8-407Authenticating trustee, transfer agent, and registrar.
PART 5
SECURITY ENTITLEMENTS
HTMLPDF 62A.8-501Securities account; acquisition of security entitlement from securities intermediary.
HTMLPDF 62A.8-502Assertion of adverse claim against entitlement holder.
HTMLPDF 62A.8-503Property interest of entitlement holder in financial asset held by securities intermediary.
HTMLPDF 62A.8-504Duty of securities intermediary to maintain financial asset.
HTMLPDF 62A.8-505Duty of securities intermediary with respect to payments and distributions.
HTMLPDF 62A.8-506Duty of securities intermediary to exercise rights as directed by entitlement holder.
HTMLPDF 62A.8-507Duty of securities intermediary to comply with entitlement order.
HTMLPDF 62A.8-508Duty of securities intermediary to change entitlement holder's position to other form of security holding.
HTMLPDF 62A.8-509Specification of duties of securities intermediary by other statute or regulation; manner of performance of duties of securities intermediary and exercise of rights of entitlement holder.
HTMLPDF 62A.8-510Rights of purchaser of security entitlement from entitlement holder.
HTMLPDF 62A.8-511Priority among security interests and entitlement holders.
PART 6
TRANSITION PROVISIONS FOR REVISED ARTICLE 8 AND
CONFORMING AMENDMENTS TO ARTICLES 1, 5, 9, AND 10
HTMLPDF 62A.8-601Savings clause.
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