PocketLaw | Vermont Statutes | Investment Securities

Investment Securities

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Short title

Definitions

Rules for determining whether certain obligations and interests are securities or financial assets

Acquisition of security or financial asset or interest therein

Notice of adverse claim

Control

Whether indorsement, instruction, or entitlement order is effective

Warranties in direct holding

Warranties in indirect holding

Applicability; choice of law

Clearing corporation rules

Creditor's legal process

Statute of frauds inapplicable

Evidentiary rules concerning certificated securities

Securities intermediary and others not liable to adverse claimant

Securities intermediary as purchaser for value

Issuer

Issuer's responsibility and defenses; notice of defect or defense

Staleness as notice of defect or defense

Effect of issuer's restriction on transfer

Effect of unauthorized signature on security certificate

Completion or alteration of security certificate

Rights and duties of issuer with respect to registered owners

Effect of signature of authenticating trustee, registrar, or transfer agent

Issuer's lien

Overissue

Delivery

Rights of purchaser

Protected purchaser

Indorsement

Instruction

Effect of guaranteeing signature, indorsement, or instruction

Purchaser's right to requisites for registration of transfer

Duty of issuer to register transfer

Assurance that indorsement or instruction is effective

Demand that issuer not register transfer

Wrongful registration

Replacement of lost, destroyed, or wrongfully taken security certificate

Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate

Authenticating trustee, transfer agent, and registrar

Securities account; acquisition of security entitlement from securities intermediary

Assertion of adverse claim against entitlement holder

Property interest of entitlement holder in financial asset held by securities intermediary

Duty of securities intermediary to maintain financial asset

Duty of securities intermediary with respect to payments and distributions

Duty of securities intermediary to exercise rights as directed by entitlement holder

Duty of securities intermediary to comply with entitlement order

Duty of securities intermediary to change entitlement holder's position to other form of security holding

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

Rights of purchaser of security entitlement from entitlement holder

Priority among security interests and entitlement holders