Ucc 8-501

Under Section 8-501(a) of the UCC, a “securities account” is defined as “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

(b) A person acquires a financial asset, other than a security, or an interest therein Uniform Commercial Code 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 See G. Palmer, The Law of Restitution § 2.14. Section 8-502 ensures that no such claims can be asserted against a person, such as B in this example, who acquires a security entitlement under Section 8-501 for value and without notice, regardless of what theory of law or equity is used to describe the basis of the assertion of the adverse claim. 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 California Commercial Code COM CA COML Section 9602. Read the code on FindLaw Please Subscribe, like and share.

09.04.2021 Ucc 8-501

17 CFR 270.17f-4(c)(1) National Conference of Commissioners on Uniform State Laws. APPROVED . UCC-8-501(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 12 See UCC § 8-501(a) (defining “securities account” as an account to which financial assets may be credited), 8-102(a)(9)(iii) (scope of financial asset is subject to agreement). The Convention uses “financial asset” as part of its definition of “security,” but it does not define the term financial asset. 1308.51.

2014 New York Laws 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.

(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. Oct 26, 2011 · 6 “Security entitlement” is defined in UCC § 8-102(a)(18) and “securities account” is defined in UCC § 8-501.

Section 8-501 of the UCC defines a securities account as “an account to which a financial asset is or may be credited in accordance with an agreement under

Nov 14, 2012 · Jean Keating shares that UCC §2-302 provides a remedy for unconscionable contracts. When one receives a presentment of a claim from a debt collector, one should accept it and return it with a counterclaim. A notice of claim is due in ten days and the counterclaim is due in 30 days. Uniform Commercial Code (UCC) Share. Facebook Twitter Email Section 8--101. Short Title. This Article may be cited as Uniform Commercial Code--Investment Securities.

organization's name 1c. mailing address city postal code 1b. individual's surname state country 8. optional filer reference data: 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 … § 8-501.

Article 9 divides collateral into types, which are defined in the Uniform Commercial Code “Securities accounts” are a type of account defined in UCC §8-501(a). UCC §8-502 UCC: 2002 Official Text and Comments, Sections 8 501 through 8 511. 17 CFR 270.17f-4(c)(1) National Conference of Commissioners on Uniform State Laws. APPROVED . SECTION 8-501 Securities Account; Acquisition of Security Entitlement from Securities Intermediary SECTION 8-503 Property Interest of Entitlement Holder in Financial Asset held by Securities Intermediary Section 8-502 Assertion of Adverse Claim against Entitlement Holder Uniform Commercial Code (UCC) View UCC 8-501 Securities account; acquisition of security entitlement from securities intermediary. View Print Friendly: View UCC 8-502 Assertion of adverse claim against entitlement holder.

Securities Account; Acquisition of Security Entitlement from Securities Intermediary on Westlaw FindLaw Codes are provided courtesy of Thomson Reuters Westlaw, the industry-leading online legal research system . Section 8--501. Securities Account; Acquisition of Security Entitlement from Securities Intermediary. (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 2014 New York Laws 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. (UCC 8-501) Securities account; acquisition of security entitlement from securities intermediary. § 1308.51. (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 Securities account Section 8-501 (c) In addition, Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.

Under other law, Owner may have a claim to have a constructive trust imposed on the security entitlement as the traceable product of the bonds that Thief misappropriated. Mar 31, 2009 · 1) Because of the wording of UCC 8-501 the refusal to deliver the shares that you sold for all intents and purposes results in the “issuance” of new shares out of thin air. For TECHNICAL reasons these “shares” have no legal owner nor are they TECHNICALLY “outstanding”. California Commercial Code COM CA COML Section 9602. Read the code on FindLaw New York Uniform Commercial Code - UCC This is FindLaw's hosted version of New York Uniform Commercial Code.

If a person acquires a security entitlement by virtue of Section 8-501(b)(2) or (3) , that This article may be cited as Uniform Commercial Code–Investment Securities.

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§ 8-501. SECURITIES ACCOUNT; ACQUISITION OF SECURITY ENTITLEMENT FROM SECURITIES INTERMEDIARY. (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

Mar 31, 2009 · 1) Because of the wording of UCC 8-501 the refusal to deliver the shares that you sold for all intents and purposes results in the “issuance” of new shares out of thin air. For TECHNICAL reasons these “shares” have no legal owner nor are they TECHNICALLY “outstanding”. California Commercial Code COM CA COML Section 9602. Read the code on FindLaw New York Uniform Commercial Code - UCC This is FindLaw's hosted version of New York Uniform Commercial Code.

12 See UCC § 8-501(a) (defining “securities account” as an account to which financial assets may be credited), 8-102(a)(9)(iii) (scope of financial asset is subject to agreement). The Convention uses “financial asset” as part of its definition of “security,” but it does not define the term financial asset.

1308.54. Under Section 8-501(a) of the UCC, a “securities account” is defined as “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 If a person acquires a security entitlement by virtue of 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 Section 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.

A notice of claim is due in ten days and the counterclaim is due in 30 days. Uniform Commercial Code (UCC) Share. Facebook Twitter Email Section 8--101. Short Title.