Michigan Compiled Laws 174-1962-8-3 Part 3 Purchase (440.8301...440.8321)

• Section 440.8301 Delivery Of Certificated Or Uncertificated Security To Purchaser.
  (1) Delivery of a certificated security to a purchaser occurs when 1 of the following occurs: (a) The purchaser acquires possession of the security...
• Section 440.8302 Purchaser Of Security; Rights Acquired.
  (1) Except as otherwise provided in subsections (2) and (3), a purchaser of a certificated or uncertificated security acquires all rights in the security...
• Section 440.8303 “protected Purchaser” Defined.
  (1) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest in a certificated or uncertificated security and meets...
• Section 440.8304 Indorsement.
  (1) An indorsement may be in blank or special. An indorsement in blank includes an indorsement to bearer. A special indorsement specifies to whom...
• Section 440.8305 Initiation Or Origination Of Instruction; Completion; Reliance; Assumption Of Obligations.
  (1) If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as...
• Section 440.8306 Warranties Generally.
  (1) A person who guarantees a signature of an indorser of a security certificate warrants that at the time of signing all of the...
• Section 440.8307 Transfer Of Security On Due Demand; Supplying Requisite Necessary To Obtain Registration; Effect Of Noncompliance.
  Unless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any...
• Section 440.8308-440.8321 Repealed. 1998, Act 278, Imd. Eff. July 27, 1998.
  Compiler's Notes: The repealed sections pertained to indorsement, transfer, sale, and delivery of securities.

Last modified: October 10, 2016