Ucc 8-501

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 .

(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--101. Short Title. This Article may be cited as Uniform Commercial Code--Investment Securities. 8‑501 Section 8--501. Securities Account; Acquisition of Security Entitlement From Securities Intermediary.

15.03.2021 Ucc 8-501

4 UCC § 8-102(a)(15). 2 1 treated as a financial asset” (emphasis added).5 2 3 Once the securities intermediary has indicated by book entry that a financial asset has 4 been credited to a person’s securities account, the person is referred to as an “entitlement Uniform Commercial Code Part 5 Security Entitlements § 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 Section 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. (d) UCC financing statements in appropriate form for filing under the UCC and such other documents reasonably requested by the Administrative Agent as may be necessary or appropriate or, in the opinion of the Administrative Agent, desirable to perfect the Liens created or purported to be created by the Collateral Documents; and Sep 11, 2020 If a person acquires a security entitlement by virtue of Section 8-501(b)(2) or (3), that person is the entitlement holder.

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 .

Uniform Commercial Code (UCC). Share. Facebook · Twitter · Email · Section 8-501 · Securities Account; Acquisition of Security New York Uniform Commercial Code UCC NY UCC Section 8-102.

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

(a) Except as otherwise provided in the Uniform Commercial Code, a security agreement is effective according to its terms between the parties, U.C.C. § 8-501(b) (account holder, as against financial intermediary, has right to have intermediary take action so that account holder has Apr 24, 2019 In the US, Article 9 of the Uniform Commercial Code (UCC) governs Under Section 8-501(a) of the UCC, a “securities account” is defined. UCC or otherwise authorized to act as a securities depository or clearing as defined in Section 8-501 of the UCC and the Secured Party is an entitlement. Former Article 9.

§ 3-501. PRESENTMENT. (a) " Presentment" means a demand made by or on behalf of a person entitled to enforce an instrument (i) to pay the instrument made to the drawee or a party obliged to pay the instrument or, in the case of a note or accepted draft payable at a bank, to the bank, or (ii) to (a) To the extent necessary for a securities intermediary to satisfy all security entitlements with respect to a particular financial asset, all interests in that financial asset held by the securities intermediary are held by the securities intermediary for the entitlement holders, are not property of the securities intermediary, and are not subject to claims of creditors of the securities 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. 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.

UCC § 8-501(d) provides that if a securities intermediary holds a financial asset for another person, and the financial asset is registered in the name of, payable to the order of, or specially indorsed to the other 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. ‹ § 8-501. 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 Sep 11, 2020 · The Uniform Commercial Code (UCC) is a set of laws intended to govern commercial transactions throughout the U.S. The UCC covers a wide variety of commercial transactions, including lending, leasing equipment or vehicles, selling goods, and setting up contracts. Please Subscribe, like and share.

11 UCC § 8-506. 12 UCC § 8-102(a)(8). 13 UCC § 8-507. 14 UCC § 8-508. 15 UCC § 8-503(b). 16 See generally Official Comment 1 to UCC § 8-503.

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. View Print Friendly: View UCC 8-503 Property interest of entitlement holder in financial asset held by securities intermediary. View Print Friendly UCC §8-503, cmt.

§ 8- 501(a). “UCC” shall mean the Indiana Uniform Commercial Code, Indiana Code § 26-1 et be a “securities account” within the meaning of Section 8-501 of the UCC;. (ii) a Uniform Commercial Code financing statement authorized by the the [ Security Agreement]) are “securities accounts” as defined in Section 8-501(a) and R.S. 10:8-101 to 10:8-501 (Supp. 1980). 4. A. YIANNOPOULOS, LOUISIANA CIVIL LAW SYSTEM § 1 (1971); Sachse, Report to the Louisiana Law Institute on Oct 22, 2020 credited to one of the Accounts which are securities accounts within the meaning of Section 8-501(a) of the UCC. 6.

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t This material refers to Uniform Commercial Code sections by their official text citations. Inc., 514 N.W.2d 584, 589, 23 U.C.C. Rep. Serv. Id. § 8-501 (a).

Securities account; acquisition of security entitlement from securities intermediary.

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.

04/20/11) the above space is for filing office use only ucc financing statement follow instructions a. name & phone of contact at filer (optional) or 1a. organization's name 1c. mailing address city postal code 1b. individual's surname state country 8.

(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. § 3-501.