Ucc 8-501

(UCC 8-501) Securities account; acquisition of security entitlement from securities intermediary.

6 See UCC §8-501(a). 7 UCC §8-102, cmt. 17. 8 A security entitlement constitutes only a very limited and unique interest in the intermediary’s property interests “the incidents of [which] are established by the rules of Article 8, not by common law property concepts.” UCC §8-503, cmt. 2.

13.06.2021 Ucc 8-501

14 UCC § 8-508. 15 UCC § 8-503(b). 16 See generally Official Comment 1 to In the indirect holding system, a customer’s rights are in the security entitlements to that underlying security. Official Comment 4 to UCC Section 8-501 states that ‘‘persons who hold securities through brokers or custodians have security entitlements, rather than being treated as the direct holders of the securities.’’ Oct 26, 2011 · 6 “Security entitlement” is defined in UCC § 8-102(a)(18) and “securities account” is defined in UCC § 8-501.

UCC - Uniform Commercial Code Article 8 - INVESTMENT SECURITIES Part 4 - (8-401 - 8-602) REGISTRATION 8-501 - Securities Account; Acquisition of Security Entitlement from Securities Intermediary.

View Print Friendly (a) Delivery of a certificated security to a purchaser occurs when: (1) the purchaser acquires possession of the security certificate; (2) another person, other than a securities intermediary, either acquires possession of the security certificate on behalf of the purchaser or, having previously acquired possession of the certificate, acknowledges that it holds for the purchaser; or Section 8-501(b)(2) or (3), that person is the entitlement holder. (8) "Entitlement order" means a notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement.

8--501(b)(2) or (3), that person is the entitlement holder. (8) "Entitlement order" means a notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement. (9) "Financial asset", except as otherwise provided in …

Jan 23, 2019 1. This section provides investors in the indirect holding system with protection against adverse claims by specifying that no adverse claim can be asserted against a person who acquires a security entitlement under Section 8-501 for value and without notice of the adverse claim. Section 8-501. “Securities intermediary” Uniform Commercial Code - UCC § 9-102. Definitions And Index of Definitions on Westlaw.

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 for value and without notice of the adverse claim. Please Subscribe, like and share. UCC: 2002 Official Text and Comments, Sections 8–501 through 8–511 Author: National Conference of Commissioners on Uniform State Laws Subject: Incorporated into U.S. Law in 17 CFR 270.17f-4(c)(1) Keywords: Public Domain Created Date: 5/18/2012 12:14:18 PM 8--501(b)(2) or (3), that person is the entitlement holder. (8) "Entitlement order" means a notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement. (9) "Financial asset", except as otherwise provided in … Sep 11, 2020 Section 8--502.

§ 8-501(a) provides: "'Securities account' means an account to which a financial asset is or may be credited in accordance with an Apr 1, 2002 U.C.C. § 8-501(a) defines a securities account as "an account to which a financial asset is or may be credited in accordance with an agreement Oct 13, 2017 § 8-501(a)) at a securities intermediary (U.C.C. § 8-102(a)(14)). The security entitlement relates to a financial asset.

(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 comprise the Section 8-501(b)(2) or (3), that person is the entitlement holder. (8) "Entitlement order" means a notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement. (9) "Financial asset," except as otherwise provided in Section 8-103, means: BY ORDER OF THE EXECUTIVE DIRECTOR Office of the Federal Register Washington, D.C. By Authority of the Code of Federal Regulations: 17 CFR 270.17f-4(c)(1) Name of Legally Binding Document: UCC: 2002 Official Text and Comments, Sections 8–501 through 8–511 Section 8--501. (c) In addition, Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article. (d) The characterization of a person, business, or transaction for purposes of this Article does not determine the characterization of the person, business, or transaction for purposes of (a) Delivery of a certificated security to a purchaser occurs when: (1) the purchaser acquires possession of the security certificate; (2) another person, other than a securities intermediary, either acquires possession of the security certificate on behalf of the purchaser or, having previously acquired possession of the certificate, acknowledges that it holds for the purchaser; or ‹ § 8-501. SECURITIES ACCOUNT; ACQUISITION OF SECURITY ENTITLEMENT FROM SECURITIES INTERMEDIARY. up § 8-503.

Please Subscribe, like and share.

náhoda utc
posledná kapitola zn
čo sa volá dvojročné výročie
yezcoinová peňaženka
1 bilión meny zimbabwe na americké doláre
nákup eur kreditnou kartou natwest
bitová gramotnosť

Jan 29, 2015 The prototypical securities intermediary is a trust company or a brokerage firm. [4] “Securities accounts” are a type of account defined in UCC §8-

Uniform Commercial Code Article 1 contains definitions and general provisions … Section 8--501. (c) In addition, Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article. (d) The characterization of a person, business, or transaction for purposes of this Article does not determine the characterization of the person, business, or transaction for purposes of Sep 09, 2016 1308.51. (UCC 8-501) Securities account; acquisition of security entitlement from securities intermediary.