Florida Statutes Part I - Short Title And General Matters (Ss. 678.1011-678.1171)

• 678.1011 - Short Title.
  Chapter 678 may be cited as “Uniform Commercial Code—Investment Securities.”History.—s. 1, ch. 98-11.
• 678.1021 - Definitions.
  (1) In this chapter:(a) “Adverse claim” means a claim that a claimant has a property interest in a financial asset and that it is a violation of...
• 678.1031 - Rules For Determining Whether Certain Obligations And Interests Are Securities Or Financial Assets.
  (1) A share or similar equity interest issued by a corporation, business trust, joint stock company, or similar entity is a security.(2) An “investment company security” is...
• 678.1041 - Acquisition Of Security Or Financial Asset Or Interest Therein.
  (1) A person acquires a security or an interest therein, under this chapter, if:(a) The person is a purchaser to whom a security is delivered pursuant to...
• 678.1051 - Notice Of Adverse Claim.
  (1) A person has notice of an adverse claim if:(a) The person knows of the adverse claim;(b) The person is aware of facts sufficient to indicate that there...
• 678.1061 - Control.
  (1) A purchaser has “control” of a certificated security in bearer form if the certificated security is delivered to the purchaser.(2) A purchaser has “control” of a...
• 678.1071 - Whether Indorsement, Instruction, Or Entitlement Order Is Effective.
  (1) “Appropriate person” means:(a) With respect to an indorsement, the person specified by a security certificate or by an effective special indorsement to be entitled to the...
• 678.1081 - Warranties In Direct Holding.
  (1) A person who transfers a certificated security to a purchaser for value warrants to the purchaser, and an indorser, if the transfer is by indorsement,...
• 678.1091 - Warranties In Indirect Holding.
  (1) A person who originates an entitlement order to a securities intermediary warrants to the securities intermediary that:(a) The entitlement order is made by an appropriate person,...
• 678.1101 - Applicability; Choice Of Law.
  (1) The local law of the issuer’s jurisdiction, as specified in subsection (4), governs:(a) The validity of a security.(b) The rights and duties of the issuer with respect...
• 678.1111 - Clearing Corporation Rules.
  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...
• 678.1121 - Creditor’s Legal Process.
  (1) 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...
• 678.1131 - Statute Of Frauds Inapplicable.
  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...
• 678.1141 - Evidentiary Rules Concerning Certificated Securities.
  The following rules apply in an action on a certificated security against the issuer:(1) Unless specifically denied in the pleadings, each signature on a security certificate...
• 678.1151 - Securities Intermediary And Others Not Liable To Adverse Claimant.
  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...
• 678.1161 - Securities Intermediary As Purchaser For Value.
  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...
• 678.1171 - Application Of Ch. 98-11.
  (1) This act does not affect an action or proceeding commenced before this act takes effect.(2) If a security interest in a security is perfected at the...

Last modified: September 23, 2016