MCL - 174-1962-8-5
Act 174 of 1962
SECURITY ENTITLEMENTS
| Document | Type | Description |
|---|---|---|
| Section 440.8501 | Section | “Securities account” defined; acquisition of security entitlement; conditions; directly held financial asset; issuance not as security entitlement. |
| Section 440.8502 | Section | Action based on adverse claim. |
| Section 440.8503 | Section | Entitlement holder property interest. |
| Section 440.8504 | Section | Maintenance of financial asset by securities intermediary; quantity; manner; limitation; duties; applicability to clearing corporation. |
| Section 440.8505 | Section | Obtaining payment or distribution made by issuer of financial asset; duties and obligations of securities intermediary. |
| Section 440.8506 | Section | Duty of securities intermediary to exercise rights with respect to financial asset; conditions. |
| Section 440.8507 | Section | Compliance with entitlement order by securities intermediary; conditions; wrongful transfer of financial asset pursuant to ineffective entitlement order; liability. |
| Section 440.8508 | Section | Changing security entitlement into another form of holding; transferring financial asset to securities account of entitlement holder; duties of securities intermediary; conditions. |
| Section 440.8509 | Section | Performance of duties by securities intermediary. |
| Section 440.8510 | Section | Assertion of action based on adverse claim; prohibition; conditions; priority. |
| Section 440.8511 | Section | Priority of claims. |