MCL - Index of 174-1962-8
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| 174-1962-8 | ARTICLE 8 INVESTMENT SECURITIES (440.8101...440.8601) |
| 174-1962-8-1 | PART 1 SHORT TITLE AND GENERAL MATTERS (440.8101...440.8116) |
| Section 440.8101 | Uniform commercial code—investment securities; cited as. |
| Section 440.8102 | Definitions. |
| Section 440.8103 | Share or equity interest as security; "investment company security" defined; interest in partnership or limited liability company as security or financial asset; writing; option or similar obligation issued by clearing corporation as financial asset; commodity contract; financial asset. |
| Section 440.8104 | Security or interest in security; financial asset; security entitlement; acquisition; placing security or financial asset in possession of another person. |
| Section 440.8105 | Notice of adverse claim. |
| Section 440.8106 | Certificated security in bearer form; certificated security in registered form; uncertificated security; security entitlement; control; agreement by issuer or securities intermediary. |
| Section 440.8107 | “Appropriate person” defined; effectiveness of indorsement, instruction, or entitlement order. |
| Section 440.8108 | Warranty to purchaser. |
| Section 440.8109 | Warranty to securities intermediary. |
| Section 440.8110 | Jurisdiction. |
| Section 440.8111 | Rule adopted by clearing corporation; effect. |
| Section 440.8112 | Reaching interest of debtor. |
| Section 440.8113 | Sale or purchase of security; enforcement of contract or contract modification. |
| Section 440.8114 | Action on certificated security against issuer; rules. |
| Section 440.8115 | Transferring or dealing with financial asset; liability of securities intermediary, broker, or agent. |
| Section 440.8116 | Securities intermediary as purchaser for value of financial asset; acquisition of security entitlement for value. |
| 174-1962-8-2 | PART 2 ISSUE—ISSUER (440.8201...440.8210) |
| Section 440.8201 | “Issuer” defined. |
| Section 440.8202 | Terms of security; effect of defect going to validity of security; rules; defenses; right of party to cancel contract. |
| Section 440.8203 | Conditions to charging purchaser with notice of defect. |
| Section 440.8204 | Restriction on transfer of security. |
| Section 440.8205 | Unauthorized signature. |
| Section 440.8206 | Completion or alteration of security certificate. |
| Section 440.8207 | Rights of issuer or indenture trustee with respect to registered owner. |
| Section 440.8208 | Warranty of person signing security certificate. |
| Section 440.8210 | Overissue. |
| 174-1962-8-3 | PART 3 PURCHASE (440.8301...440.8321) |
| Section 440.8301 | Delivery of certificated or uncertificated security to purchaser. |
| Section 440.8302 | Purchaser of security; rights acquired. |
| Section 440.8303 | “Protected purchaser” defined. |
| Section 440.8304 | Indorsement. |
| Section 440.8305 | Initiation or origination of instruction; completion; reliance; assumption of obligations. |
| Section 440.8306 | Warranties generally. |
| Section 440.8307 | Transfer of security on due demand; supplying requisite necessary to obtain registration; effect of noncompliance. |
| Section 440.8308-440.8321 | Repealed. 1998, Act 278, Imd. Eff. July 27, 1998. |
| 174-1962-8-4 | PART 4 REGISTRATION (440.8401...440.8408) |
| Section 440.8401 | Registration of transfer; duty and liability of issuer. |
| Section 440.8402 | Indorsement as genuine and authorized; assurance; definitions. |
| Section 440.8403 | Demand; effect; notification; period of time; liability of issuer. |
| Section 440.8404 | Liability of issuer for wrongful registration or transfer. |
| Section 440.8405 | Lost, destroyed, or wrongfully taken securities. |
| Section 440.8406 | Lost, destroyed, or wrongfully taken security certificate; failure to notify issuer. |
| Section 440.8407 | Authenticating trustee, transfer agent, registrar, or other agent; obligation to holder or owner of certificate. |
| Section 440.8408 | Repealed. 1998, Act 278, Imd. Eff. July 27, 1998. |
| 174-1962-8-5 | PART 5 SECURITY ENTITLEMENTS (440.8501...440.8511) |
| Section 440.8501 | “Securities account” defined; acquisition of security entitlement; conditions; directly held financial asset; issuance not as security entitlement. |
| Section 440.8502 | Action based on adverse claim. |
| Section 440.8503 | Entitlement holder property interest. |
| Section 440.8504 | Maintenance of financial asset by securities intermediary; quantity; manner; limitation; duties; applicability to clearing corporation. |
| Section 440.8505 | Obtaining payment or distribution made by issuer of financial asset; duties and obligations of securities intermediary. |
| Section 440.8506 | Duty of securities intermediary to exercise rights with respect to financial asset; conditions. |
| Section 440.8507 | Compliance with entitlement order by securities intermediary; conditions; wrongful transfer of financial asset pursuant to ineffective entitlement order; liability. |
| Section 440.8508 | 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 | Performance of duties by securities intermediary. |
| Section 440.8510 | Assertion of action based on adverse claim; prohibition; conditions; priority. |
| Section 440.8511 | Priority of claims. |
| 174-1962-8-6 | PART 6 (440.8601...440.8601) |
| Section 440.8601 | Action or proceeding commenced before act takes effect; security interest perfected at date act takes effect. |