Code of Virginia - Title 8.8A Commercial Code - Investment Securities - Part 1 Short Title And General Matters
- 8.8A-101 Short title
This title may be cited as Uniform Commercial Code - Investment Securities. (1996, c. 216.) ...
- 8.8A-102 Definitions
(a) In this title: (1) "Adverse claim" means a claim that a claimant has a property interest in a financial asset and that it is ...
- 8.8A-103 Rules for determining whether certain obligations and interests are securities or financial asset...
(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 ...
- 8.8A-104 Acquisition of security or financial asset or interest therein
(a) A person acquires a security or an interest therein, under this title, if: (1) the person is a purchaser to whom a security is ...
- 8.8A-105 Notice of adverse claim
(a) A person has notice of an adverse claim if: (1) the person knows of the adverse claim; (2) the person is aware of facts ...
- 8.8A-106 Control
(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 ...
- 8.8A-107 Whether endorsement, instruction or entitlement order is effective
(a) "Appropriate person" means: (1) with respect to an endorsement, the person specified by a security certificate or by an effective special endorsement to be ...
- 8.8A-108 Warranties in direct holding
(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 ...
- 8.8A-109 Warranties in indirect holding
(a) A person who originates an entitlement order to a securities intermediary warrants to the securities intermediary that: (1) the entitlement order is made by ...
- 8.8A-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 security; (2) the rights and duties ...
- 8.8A-111 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 ...
- 8.8A-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 of the security certificate by ...
- 8.8A-113 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 ...
- 8.8A-114 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 ...
- 8.8A-115 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 ...
- 8.8A-116 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 ...
Last modified: April 3, 2009