Ucc 8-501

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Oct 22, 2020 credited to one of the Accounts which are securities accounts within the meaning of Section 8-501(a) of the UCC. 6. The Intermediary for each 

(d) UCC financing statements in appropriate form for filing under the UCC and such other documents reasonably requested by the Administrative Agent as may be necessary or appropriate or, in the opinion of the Administrative Agent, desirable to perfect the Liens created or purported to be created by the Collateral Documents; and Sep 11, 2020 If a person acquires a security entitlement by virtue of Section 8-501(b)(2) or (3), that person is the entitlement holder. (8) “Entitlement order” means a notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement. UCC §8-503, cmt. 2. 6 See UCC §8-501(a). 7 UCC §8-102, cmt.

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New York Uniform Commercial Code Law Section 8-501 - Securities Account; Acquisition of Security Entitlement from Securities Intermediary. BY ORDER OF THE EXECUTIVE DIRECTOR Office of the Federal Register Washington, D.C. By Authority of the Code of Federal Regulations: 17 CFR 270.17f-4(c)(1) Name of Legally Binding Document: UCC: 2002 Official Text and Comments, Sections 8–501 through 8–511 UCC: 2002 Official Text and Comments, Sections 8 501 through 8 511. 17 CFR 270.17f-4(c)(1) National Conference of Commissioners on Uniform State Laws. APPROVED . UCC-8-501(a) "Securities account" means an account to which a financial asset is or may be credited in accordance with an agreement under which the person maintaining the account undertakes to treat the 12 See UCC § 8-501(a) (defining “securities account” as an account to which financial assets may be credited), 8-102(a)(9)(iii) (scope of financial asset is subject to agreement). The Convention uses “financial asset” as part of its definition of “security,” but it does not define the term financial asset. 1308.51.

UCC or otherwise authorized to act as a securities depository or clearing as defined in Section 8-501 of the UCC and the Secured Party is an entitlement.

24. Oct 26, 2011 UCC § 8-501(d) provides that if a securities intermediary holds a financial asset for another person, and the financial asset is registered in the  By the Authority Vested By Part 5 of the United States Code § 552(a) and. Part 1 of the Code of Regulations § 51 the attached document has been duly. t This material refers to Uniform Commercial Code sections by their official text citations.

Read this complete New York Consolidated Laws, Uniform Commercial Code - UCC § 8-501. Securities Account; Acquisition of Security Entitlement from Securities Intermediary on Westlaw FindLaw Codes are provided courtesy of Thomson Reuters Westlaw, the industry-leading online legal research system .

Read this complete New York Consolidated Laws, Uniform Commercial Code - UCC § 8-501. Securities Account;  Acquisition of Security Entitlement from Securities Intermediary on Westlaw FindLaw Codes are provided courtesy of Thomson Reuters Westlaw, the industry-leading online legal research system. New York Uniform Commercial Code Law Section 8-501 - Section 8--501. Securities Account; Acquisition of Security Entitlement From Securities Intermediary. (A) "Securiti - 2016 - Laws of New York New York Uniform Commercial Code Law 2014 New York Laws UCC - Uniform Commercial Code Article 8 - INVESTMENT SECURITIES Part 4 - (8-401 - 8-602) REGISTRATION 8-501 - Securities Account; Acquisition of Security Entitlement from Securities Intermediary. (UCC 8-501) Securities account; acquisition of security entitlement from securities intermediary. Securities account Section 8-501 (c) In addition, Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.

(UCC 8-502) Assertion of adverse claim against entitlement holder.

Ucc 8-501

UCC §8-502 UCC Article 8. The Pledged Securities (i) shall continue to be “securities” (within the meaning of Sections 8-102(a)(15) and 8-103 of the Code), (ii) shall continue to be “financial assets” (within the meaning of Section 8-102(a)(9) of the Code) and (iii) shall not be credited to a “securities account” (within the meaning of Section 8-501(a) of the Code). Section 8--502. Assertion of Adverse Claim against Entitlement Holder. An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be asserted against a person who acquires a security entitlement under Section 8--501 for value and without notice of the adverse claim. Sections (§§) 8-501 - 8-511 Part 6 Transition Provisions For Revised Article 8 and For the Conforming Amendments to Articles 1, 5, 9 Securities account Section 8–501 (c) In addition, Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.

Sec. 8.102. UNIFORM COMMERCIAL CODE. Chapter. 490 Uniform Commercial Code Part 5. Security Entitlements. 490:8-501 Securities account; acquisition of security .

An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be asserted against a person who acquires a security entitlement under Section 8--501 for value and without notice of the adverse claim. (d) UCC financing statements in appropriate form for filing under the UCC and such other documents reasonably requested by the Administrative Agent as may be necessary or appropriate or, in the opinion of the Administrative Agent, desirable to perfect the Liens created or purported to be created by the Collateral Documents; and Sep 11, 2020 If a person acquires a security entitlement by virtue of Section 8-501(b)(2) or (3), that person is the entitlement holder. (8) “Entitlement order” means a notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement. UCC §8-503, cmt. 2. 6 See UCC §8-501(a).

Assertion of Adverse Claim against Entitlement Holder. An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be asserted against a person who acquires a security entitlement under Section 8--501 for value and without notice of the adverse claim. (d) UCC financing statements in appropriate form for filing under the UCC and such other documents reasonably requested by the Administrative Agent as may be necessary or appropriate or, in the opinion of the Administrative Agent, desirable to perfect the Liens created or purported to be created by the Collateral Documents; and Sep 11, 2020 If a person acquires a security entitlement by virtue of Section 8-501(b)(2) or (3), that person is the entitlement holder. (8) “Entitlement order” means a notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement. UCC §8-503, cmt. 2. 6 See UCC §8-501(a).

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Aug 8, 2018 The term is defined in UCC Section 8-501(a) as “an account to which a financial asset is or may be credited in accordance with an agreement 

Section 8--502. Assertion of Adverse Claim against Entitlement Holder. An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be asserted against a person who acquires a security entitlement under Section 8--501 for value and without notice of the adverse claim. Sections (§§) 8-501 - 8-511 Part 6 Transition Provisions For Revised Article 8 and For the Conforming Amendments to Articles 1, 5, 9 Securities account Section 8–501 (c) In addition, Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article. (d) The characterization of a person, business, or transaction for purposes of this Article does not determine the characterization of the person, business, or The terms security, security entitlement, and related terms are defined in Section 8-102, and the term securities account is defined in Section 8-501. .