Year unavailable
RS 10:8-115
Certain securities intermediaries, brokers, agents, and bailees are generally not liable to an adverse claimant when they transfer or deal with a financial asset as described here.
- Custody
- Financial assets
- Liability
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United States — Louisiana Statutes
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20 statutes shown from 46,252 source-backed records
Year unavailable
RS 10:8-116
A securities intermediary is treated as a purchaser for value when it receives a financial asset and sets up a security entitlement for an entitlement holder.
- Financial assets
- Intermediated securities
Year unavailable
RS 10:8-201
This section defines who counts as an “issuer” for certain securities-related purposes.
- Issuer definitions
- Securities
Year unavailable
RS 10:8-202
This section says what terms count for securities, when an issuer can or cannot rely on certain defenses, and when a buyer or entitlement holder is protected.
- Certificated securities
- Issuer defenses
- Security validity
- Uncertificated securities
Year unavailable
RS 10:8-203
A purchaser may be charged with notice of a defect or issuer defense if the security is taken too late after certain payment, redemption, surrender, or performance dates.
- Exchange
- Notice of defect
- Redemption
- Security transfer
Year unavailable
RS 10:8-204
A transfer restriction imposed by the issuer does not bind a person who does not know about it unless the restriction is conspicuously noted on a certificated security or the registered owner is notified for an uncertificated security.
- Cross-border transfer
- Transfer restrictions
Year unavailable
RS 10:8-205
An unauthorized signature on a security certificate before or during issuance is ineffective, unless it benefits a purchaser for value without notice and was made by an entrusted signing or handling person.
- Issuance
- Signature authority
Year unavailable
RS 10:8-206
A person may fill in blanks in an incomplete security certificate if it already has the signatures needed for issue or transfer. A purchaser who took it for value and without notice can enforce it even if the blanks were filled in incorrectly. An improperly altered complete certificate remains enforceable only on its o
- Alteration
- Security certificates
- Transfer
Year unavailable
RS 10:8-207
Before a transfer is presented for registration, the issuer or indenture trustee may treat the registered owner as the person entitled to vote, receive notices, and exercise the owner’s rights.
- Shareholder/owner records
- Transfer registration
Year unavailable
RS 10:8-208
A person who signs a security certificate as an authenticating trustee, registrar, transfer agent, or similar signer gives certain warranties to a purchaser for value if the purchaser lacks notice of a defect.
- Security certificates
- Transfer agents
- Warranties
Year unavailable
RS 10:8-209
An issuer’s lien on a certificated security is valid against a purchaser only if the issuer’s lien is noted conspicuously on the security certificate.
- Liens
- Security certificates
Year unavailable
RS 10:8-210
This section defines overissue and gives a person entitled to issue or validation limited remedies when a security is not available without causing overissue.
- Overissue
- Reissue
- Security issuance
Year unavailable
RS 10:8-301
This section explains when delivery of certificated and uncertificated securities to a purchaser occurs.
- Securities transfer
Year unavailable
RS 10:8-302
A purchaser generally gets the transferor’s rights in a security, but only to the extent purchased in a limited interest, and a prior holder with notice of an adverse claim cannot improve position by taking from a protected purchaser.
- Purchaser rights
- Securities transfer
Year unavailable
RS 10:8-303
A purchaser of a certificated or uncertificated security is a protected purchaser only if the purchaser gives value, lacks notice of any adverse claim, and obtains control of the security.
- Adverse claims
- Purchase
- Securities
Year unavailable
RS 10:8-304
This section explains how indorsements work for securities, including blank and special indorsements, when an indorsement counts as a transfer, and when a purchaser can require a missing indorsement.
- Endorsement
- Securities transfer
Year unavailable
RS 10:8-305
A person may complete an incomplete instruction if authorized, and the issuer may rely on it even if it was completed incorrectly.
- Instructions
- Securities
Year unavailable
RS 10:8-306
A person who guarantees a signature or instruction makes specified warranties; an issuer may not require a guaranty as a condition of transfer registration.
- Security transfer
- Signature guarantees
- Warranties
Year unavailable
RS 10:8-307
On demand, the transferor of a security must give the purchaser proof of authority to transfer or another document needed to register the transfer, unless the parties agreed otherwise.
- Purchaser rights
- Transfer registration
Year unavailable
RS 10:8-401
An issuer must register a transfer when the stated conditions are met.
- Issuer duties
- Loss liability
- Transfer registration
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