New York Uniform Commercial Code Law Part 1 - SHORT TITLE AND GENERAL MATTERS

• 8-101 - Short Title.
  Section 8--101. Short Title. This Article may be cited as Uniform Commercial Code--Investment Securities.
• 8-102 - Definitions.
  Section 8--102. Definitions. (a) In this Article: (1) "Adverse claim" means a claim that a claimant has a property interest in a financial asset and...
• 8-103 - Rules for Determining Whether Certain Obligations and Interests are Securities or Financial Assests.
  Section 8--103. Rules for Determining Whether Certain Obligations and Interests are Securities or Financial Assets. (a) A share or similar equity interest issued by a...
• 8-104 - Acquistion of Security or Financial Assest or Interest Therein.
  Section 8--104. Acquisition of Security or Financial Asset or Interest Therein. (a) A person acquires a security or an interest therein, under this Article, if:...
• 8-105 - Notice of Adverse Claim.
  Section 8--105. Notice of Adverse Claim. (a) A person has notice of an adverse claim if: (1) the person knows of the adverse claim; (2)...
• 8-106 - Control.
  Section 8--106. Control. (a) A purchaser has "control" of a certificated security in bearer form if the certificated security is delivered to the purchaser. (b)...
• 8-107 - Whether Indorsement, Instruction, or Entitlement Order is Effective.
  Section 8--107. Whether Indorsement, Instruction, or Entitlement Order is Effective. (a) "Appropriate person" means: (1) with respect to an indorsement, the person specified by a...
• 8-108 - Warranties in Direct Holding.
  Section 8--108. Warranties in Direct Holding. (a) A person who transfers a certificated security to a purchaser for value warrants to the purchaser, and an...
• 8-109 - Warranties in Indirect Holding.
  Section 8--109. Warranties in Indirect Holding. (a) A person who originates an entitlement order to a securities intermediary warrants to the securities intermediary that: (1)...
• 8-110 - Applicability; Choice of Law.
  Section 8--110. Applicability; Choice of Law. (a) The local law of the issuer's jurisdiction, as specified in subsection (d), governs: (1) the validity of a...
• 8-111 - Clearing Corporation Rules.
  Section 8--111. Clearing Corporation Rules. A rule adopted by a clearing corporation governing rights and obligations among the clearing corporation and its participants in the...
• 8-112 - Creditor's Legal Process.
  Section 8--112. Creditor's Legal Process. (a) The interest of a debtor in a certificated security may be reached by a creditor only by actual seizure...
• 8-113 - Statute of Frauds Generally Inapplicable.
  Section 8--113. Statute of Frauds Generally Inapplicable. (a) Except as provided in subsection (b), a contract or modification of a contract for the sale or...
• 8-114 - Evidentiary Rules Concerning Certificated Securitites.
  Section 8--114. Evidentiary Rules Concerning Certificated Securities. The following rules apply in an action on a certificated security against the issuer: (1) Unless specifically denied...
• 8-115 - Securities Intermediary and Others Not Liable to Adverse Claimant.
  Section 8--115. Securities Intermediary and Others Not Liable to Adverse Claimant. A securities intermediary that has transferred a financial asset pursuant to an effective entitlement...
• 8-116 - Securities Intermediary As Purchaser for Value.
  Section 8--116. Securities Intermediary as Purchaser for Value. A securities intermediary that receives a financial asset and establishes a security entitlement to the financial asset...

Last modified: February 3, 2019