California Commercial Code CHAPTER 1 - Short Title and General Matters

• Section 8101.
  This division may be cited as Uniform Commercial Code—Investment Securities.(Repealed and added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.)
• Section 8102.
  (a) In this division:(1) “Adverse claim” means a claim that a claimant has a property interest in a financial asset and that it is a violation of...
• Section 8103.
  (a) A share or similar equity interest issued by a corporation, business trust, joint stock company, or similar entity is a security.(b) An “investment company security” is...
• Section 8104.
  (a) A person acquires a security or an interest therein, under this division, if either of the following applies:(1) The person is a purchaser to whom a...
• Section 8105.
  (a) A person has notice of an adverse claim if any of the following applies:(1) The person knows of the adverse claim.(2) The person is aware of facts...
• Section 8106.
  (a) A purchaser has “control” of a certificated security in bearer form if the certificated security is delivered to the purchaser.(b) A purchaser has “control” of a...
• Section 8107.
  (a) “Appropriate person” means any of the following:(1) With respect to an endorsement, the person specified by a security certificate or by an effective special endorsement to...
• Section 8108.
  (a) A person who transfers a certificated security to a purchaser for value warrants to the purchaser, and an endorser, if the transfer is by endorsement,...
• Section 8109.
  (a) A person who originates an entitlement order to a securities intermediary warrants all of the following to the securities intermediary:(1) The entitlement order is made by...
• Section 8110.
  (a) The local law of the issuer’s jurisdiction, as specified in subdivision (d), governs the following:(1) The validity of a security.(2) The rights and duties of the issuer...
• Section 8111.
  A rule adopted by a clearing corporation governing rights and obligations among the clearing corporation and its participants in the clearing corporation is effective even...
• Section 8112.
  (a) The interest of a debtor in a certificated security may be reached by a creditor only by actual seizure of the security certificate by the...
• Section 8113.
  A contract or modification of a contract for the sale or purchase of a security is enforceable whether or not there is a writing signed...
• Section 8114.
  The following rules apply in an action on a certificated security against the issuer:(a) Unless specifically denied in the pleadings, each signature on a security certificate...
• Section 8115.
  A securities intermediary that has transferred a financial asset pursuant to an effective entitlement order, or a broker or other agent or bailee that has...
• Section 8116.
  A securities intermediary that receives a financial asset and establishes a security entitlement to the financial asset in favor of an entitlement holder is a...

Last modified: October 22, 2018