Alabama Code (Last Updated: November 28, 2014) |
Title7 COMMERCIAL CODE. |
Article8. INVESTMENT SECURITIES. |
Part 1. Short Title and General Matters. |
§ 7-8-101. Short title. |
§ 7-8-102. Definitions. |
§ 7-8-103. Rules for determining whether certain obligations and interests are securities or financial assets. |
§ 7-8-104. Acquisition of security or financial asset or interest therein. |
§ 7-8-105. Notice of adverse claim. |
§ 7-8-106. Control. |
§ 7-8-107. Whether indorsement, instruction, or entitlement order is effective. |
§ 7-8-108. Warranties in direct holding. |
§ 7-8-109. Warranties in indirect holding. |
§ 7-8-110. Applicability; choice of law. |
§ 7-8-111. Clearing corporation rules. |
§ 7-8-112. Creditor's legal process. |
§ 7-8-113. Statute of frauds inapplicable. |
§ 7-8-114. Evidentiary rules concerning certificated securities. |
§ 7-8-115. Securities intermediary and others not liable to adverse claimant. |
§ 7-8-116. Securities intermediary as purchaser for value. |
Part 2. Issue and Issuer. |
§ 7-8-201. Issuer. |
§ 7-8-202. Issuer's responsibility and defenses; notice of defect or defense. |
§ 7-8-203. Staleness as notice of defect or defense. |
§ 7-8-204. Effect of issuer's restriction on transfer. |
§ 7-8-205. Effect of unauthorized signature on security certificate. |
§ 7-8-206. Completion or alteration of security certificate. |
§ 7-8-207. Rights and duties of issuer with respect to registered owners. |
§ 7-8-208. Effect of signature of authenticating trustee, registrar, or transfer agent. |
§ 7-8-209. Issuer's lien. |
§ 7-8-210. Overissue. |
Part 3. Transfer of Certificated and Uncertificated Securities. |
§ 7-8-301. Delivery. |
§ 7-8-302. Rights of purchaser. |
§ 7-8-303. Protected purchaser. |
§ 7-8-304. Indorsement. |
§ 7-8-305. Instruction. |
§ 7-8-306. Effect of guaranteeing signature, indorsement, or instruction. |
§ 7-8-307. Purchaser's right to requisites for registration of transfer. |
Part 4. Registration. |
§ 7-8-401. Duty of issuer to register transfer. |
§ 7-8-402. Assurance that indorsement or instruction is effective. |
§ 7-8-403. Demand that issuer not register transfer. |
§ 7-8-404. Wrongful registration. |
§ 7-8-405. Replacement of lost, destroyed, or wrongfully taken security certificate. |
§ 7-8-406. Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate. |
§ 7-8-407. Authenticating trustee, transfer agent, and registrar. |
Part 5. Security Entitlements. |
§ 7-8-501. Securities account; acquisition of security entitlement from securities intermediary. |
§ 7-8-502. Assertion of adverse claim against entitlement holder. |
§ 7-8-503. Property interest of entitlement holder in financial asset held by securities intermediary. |
§ 7-8-504. Duty of securities intermediary to maintain financial asset. |
§ 7-8-505. Duty of securities intermediary with respect to payments and distributions. |
§ 7-8-506. Duty of securities intermediary to exercise rights as directed by entitlement holder. |
§ 7-8-507. Duty of securities intermediary to comply with entitlement order. |
§ 7-8-508. Duty of securities intermediary to change entitlement holder's position to other form of security holding. |
§ 7-8-509. Specification of duties of securities intermediary by other statute or regulation; manner of performance of duties of securities intermediary and exercise of rights of entitlement holder. |
§ 7-8-510. Rights of purchaser of security entitlement from entitlement holder. |
§ 7-8-511. Priority among security interests and entitlement holders. |
Part 6. Effective Date. |
§ 7-8-601. Effective date. |
§ 7-8-602. Repeals. |
§ 7-8-603. Savings clause. |