Florida Statutes Part V - Security Entitlements (Ss. 678.5011-678.5111)

• 678.5011 - Securities Account; Acquisition Of Security Entitlement From Securities Intermediary.
  (1) “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...
• 678.5021 - 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...
• 678.5031 - Property Interest Of Entitlement Holder In Financial Asset Held By Securities Intermediary.
  (1) 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...
• 678.5041 - Duty Of Securities Intermediary To Maintain Financial Asset.
  (1) A securities intermediary shall promptly obtain and thereafter maintain a financial asset in a quantity corresponding to the aggregate of all security entitlements it has...
• 678.5051 - Duty Of Securities Intermediary With Respect To Payments And Distributions.
  (1) A securities intermediary shall take action to obtain a payment or distribution made by the issuer of a financial asset. A securities intermediary satisfies the...
• 678.5061 - Duty Of Securities Intermediary To Exercise Rights As Directed By Entitlement Holder.
  A securities intermediary shall exercise rights with respect to a financial asset if directed to do so by an entitlement holder. A securities intermediary satisfies...
• 678.5071 - Duty Of Securities Intermediary To Comply With Entitlement Order.
  (1) A securities intermediary shall comply with an entitlement order if the entitlement order is originated by the appropriate person, the securities intermediary has had reasonable...
• 678.5081 - Duty Of Securities Intermediary To Change Entitlement Holder’s Position To Other Form Of Security Holding.
  A securities intermediary shall act at the direction of an entitlement holder to change a security entitlement into another available form of holding for which...
• 678.5091 - Specification Of Duties Of Securities Intermediary By Other Statute Or Regulation; Manner Of Performance Of Duties Of Securities Intermediary And Exercise Of Rights Of Entitlement Holder.
  (1) If the substance of a duty imposed upon a securities intermediary by ss. 678.5041-678.5081 is the subject of other statute, regulation, or rule, compliance with...
• 678.5101 - Rights Of Purchaser Of Security Entitlement From Entitlement Holder.
  (1) In a case not covered by the priority rules in chapter 679 or the rules stated in subsection (3), an action based on an adverse...
• 678.5111 - Priority Among Security Interests And Entitlement Holders.
  (1) Except as otherwise provided in subsections (2) and (3), if a securities intermediary does not have sufficient interests in a particular financial asset to satisfy...

Last modified: September 23, 2016