Ucc 8-501
8-502. 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.
962, Sec. 1, eff. Sept. 1, 1995. Sec. 8.102.
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§ 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. (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 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. Uniform Commercial Code § 3-501. PRESENTMENT.
1308.51. (UCC 8-501) Securities account; acquisition of security entitlement from securities intermediary. 1308.52. (UCC 8-502) Assertion of adverse claim against entitlement holder. 1308.53. (UCC 8-503) Property interest of entitlement holder is financial asset held by securities intermediary. 1308.54.
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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
7. This item and the 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 Jul 1, 1997 U.C.C.
Ms. Rocks is "Securities account" is defined in Revised § 8-501. 7. This item and the 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 Jul 1, 1997 U.C.C. § 8-501(a) provides: "'Securities account' means an account to which a financial asset is or may be credited in accordance with an Oct 13, 2017 § 8-501(a)) at a securities intermediary (U.C.C.
Read the code on FindLaw Please Subscribe, like and share. 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 Nov 14, 2012 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. View Print Friendly: View UCC 8-503 Property interest of entitlement holder in financial asset held by securities intermediary. View Print Friendly 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: 8-502.
SECURITIES ACCOUNT; ACQUISITION OF SECURITY ENTITLEMENT FROM SECURITIES INTERMEDIARY. Section 8-501 Securities Account; Acquisition of Security Entitlement from Securities Intermediary Uniform Commercial Code (UCC) Read this complete New York Consolidated Laws, Uniform Commercial Code - UCC § 8-501. 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. New York Uniform Commercial Code Law Section 8-501 - Section 8--501. Securities Account; Acquisition of Security Entitlement From Securities Intermediary. (A) "Securiti - 2016 - Laws of New York New York Uniform Commercial Code Law UCC 8-501 8-501.
(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. 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 Name of Standards Organization: National Conference of Commissioners on Uniform State Laws 1308.51 Securities account - acquisition of security entitlement from securities intermediary - 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 person for whom the account is maintained as entitled to exercise the rights that comprise the The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States. It is not a federal law, but a uniformly adopted state law. Uniformity of law is essential in this area for the interstate transaction of business. Because the UCC has been universally adopted, businesses can enter into contracts with confidence that the terms will be Securities Account: As defined in Section 8-501(a) of the UCC. Securities Act : The Securities Act of 1933, as amended. Securities Intermediary : As defined in Section 8-102(a)(14) of the UCC, and where appropriate, shall mean Wells Fargo Bank, N.A. or its successor, in its capacity as securities intermediary pursuant to Section 4.9 .
The Pledged Securities (i) shall continue to be “securities” (within the meaning of Sections 8-102(a)(15) and 8-103 of the Code), (ii) shall continue to be “financial assets” (within the meaning of Section 8-102(a)(9) of the Code) and (iii) shall not be credited to a “securities account” (within the meaning of Section 8-501(a) of the Code). Section 8--502. Assertion of Adverse Claim against Entitlement Holder.
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Securities account; acquisition of security entitlement from securities intermediary. 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. 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 communicatedto a securities intermediarydirecting transfer or redemption of a financial assetto which the entitlement holderhas a security entitlement.
Oct 26, 2011
optional filer reference data: § 8-501. SECURITIES ACCOUNT; ACQUISITION OF SECURITY ENTITLEMENT FROM SECURITIES INTERMEDIARY. Section 8-501 Securities Account; Acquisition of Security Entitlement from Securities Intermediary Uniform Commercial Code (UCC) UCC 8-501 8-501.
2. 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.