Year unavailable
RS 10:8-402
An issuer may require assurance that an indorsement or instruction is genuine and authorized, and may require extra assurance beyond what this section lists.
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RS 10:8-403
A qualifying person may ask the issuer not to register a security transfer, and the issuer must promptly notify the relevant parties and temporarily withhold registration for a limited period.
- Indorsement and instructions
- Issuer transfer registration
- Shareholder communications
Year unavailable
RS 10:8-404
An issuer may be liable for wrongful registration of a securities transfer and, if liable, must provide the person entitled to the security with a replacement security and any missed payments or distributions.
- Issuer liability
- Transfer registration
- Wrongful registration
Year unavailable
RS 10:8-405
If a security certificate is lost, destroyed, or wrongfully taken, the issuer must issue a replacement if the owner requests it in time, posts an indemnity bond, and meets reasonable requirements.
- Indemnity bonds
- Replacement certificates
- Security certificates
- Transfer registration
Year unavailable
RS 10:8-406
If a security certificate is lost, apparently destroyed, or wrongfully taken, the owner must notify the issuer within a reasonable time after learning of it.
- Notice requirements
- Security certificates
- Transfer registration
Year unavailable
RS 10:8-407
An issuer’s agent performing certain securities-transfer functions must owe the holder or owner the same obligation the issuer owes for those functions.
- Registrars
- Security certificates
- Transfer agents
Year unavailable
RS 10:8-501
This section defines a securities account and explains when a person acquires a security entitlement from a securities intermediary.
- Securities accounts
- Security entitlements
Year unavailable
RS 10:8-502
An adverse-claim action generally may not be asserted against a person who acquires a security entitlement under R.S. 10:8-501 for value and without notice of the claim.
- Adverse claims
- Financial assets
- Security entitlements
Year unavailable
RS 10:8-503
This section says an entitlement holder has a pro rata property interest in securities intermediary-held financial assets, and that interest is generally enforceable only through specified rights and is limited against protected purchasers.
- Entitlement holder rights
- Financial assets
- Securities intermediary
Year unavailable
RS 10:8-504
A securities intermediary must promptly obtain and maintain enough financial assets to match the security entitlements it has created, and it generally may not grant security interests in those assets unless the entitlement holder agrees.
- Custody of financial assets
- Securities intermediary duties
Year unavailable
RS 10:8-505
A securities intermediary must try to obtain payments or distributions made by the issuer of a financial asset.
- Payment distributions
- Securities intermediary duties
Year unavailable
RS 10:8-506
A securities intermediary must exercise rights in a financial asset when directed by an entitlement holder.
- Custody of financial assets
- Entitlement holder directions
Year unavailable
RS 10:8-507
A securities intermediary must comply with a properly originated entitlement order if it has a reasonable chance to verify it and carry it out.
- Entitlement orders
- Securities intermediary duties
Year unavailable
RS 10:8-508
A securities intermediary must follow an entitlement holder’s direction to change a security entitlement into another eligible holding form or transfer the asset to another securities account.
- Custody
- Security holdings
- Transfer instructions
Year unavailable
RS 10:8-509
This section says a securities intermediary and an entitlement holder must act in a commercially reasonable manner when no other standard is provided, and the intermediary is not required to do anything another law forbids.
- Entitlement holder rights
- Securities intermediary duties
Year unavailable
RS 10:8-510
This section limits adverse-claim actions against certain purchasers of security entitlements and sets priority rules when control is obtained.
- Adverse claims
- Priority rules
- Security entitlements
Year unavailable
RS 10:8-511
This section sets priority rules when a securities intermediary or clearing corporation does not have enough assets to satisfy both entitlement holders and a creditor.
- Entitlement holders
- Priority of claims
- Security interests
Year unavailable
RS 10:9-101
This Chapter may be cited as Uniform Commercial Code -- Secured Transactions.
- Short title
Year unavailable
RS 10:9-102
This section defines many terms used in Chapter 9, including account, secured party, and security agreement.
- Collateral
- Definitions
- Security interests
Year unavailable
RS 10:9-103
This section defines purchase-money collateral and purchase-money obligations, explains when a security interest in goods or software counts as purchase-money, sets rules for applying payments, says purchase-money status is not lost in certain later changes, and places the burden of proof on the secured party claiming
- Application of payments
- Burden of proof
- Purchase-money security interest
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