Source: https://law.lis.virginia.gov/vacodefull/title8.8A/part1/
Timestamp: 2019-12-10 13:50:02
Document Index: 36577186

Matched Legal Cases: ['art 1', 'art 1', '§ 8', '§ 8', '§ 8', '§ 8', '§ 8', '§ 8', '§ 8', '§ 8', '§ 8', '§ 8', '§ 8', '§ 8', '§ 8']

Code of Virginia Code - Part 1. Short Title and General Matters.
Table of Contents » Title 8.8A. Commercial Code -- Investment Securities » Part 1. Short Title and General Matters
§ 8.8A-101. Short title.
This title may be cited as Uniform Commercial Code -- Investment Securities.
§ 8.8A-103. Rules for determining whether certain obligations and interests are securities or financial assets.
(c) An interest in a partnership or limited liability company is not a security unless it is dealt in or traded on securities exchanges or in securities markets, its terms expressly provide that it is a security governed by this title, or it is an investment company security. However, an interest in a partnership or limited liability company is a financial asset if it is held in a securities account.
(d) A writing that is a security certificate is governed by this title and not by Title 8.3A, even though it also meets the requirements of that title. However, a negotiable instrument governed by Title 8.3A is a financial asset if it is held in a securities account.
(f) A commodity contract, as defined in subdivision (a) (15) of § 8.9A-102, is not a security or a financial asset.
(g) A document of title is not a financial asset unless subdivision (a) (9) (iii) of § 8.8A-102 applies.
1996, c. 216; 2000, c. 1007; 2004, c. 200.
§ 8.8A-105. Notice of adverse claim.
§ 8.8A-108. Warranties in direct holding.
§ 8.8A-109. Warranties in indirect holding.
(b) A person who delivers a security certificate to a securities intermediary for credit to a securities account or originates an instruction with respect to an uncertificated security directing that the uncertificated security be credited to a securities account makes to the securities intermediary the warranties specified in § 8.8A-108 (a) or (b).
(c) If a securities intermediary delivers a security certificate to its entitlement holder or causes its entitlement holder to be registered as the owner of an uncertificated security, the securities intermediary makes to the entitlement holder the warranties specified in § 8.8A-108 (a) or (b).
§ 8.8A-111. Clearing corporation rules.
A rule adopted by a clearing corporation governing rights and obligations among the clearing corporation and its participants in the clearing corporation is effective even if the rule conflicts with this act and affects another party who does not consent to the rule.
§ 8.8A-112. Creditor's legal process.
§ 8.8A-113. Statute of frauds inapplicable.
§ 8.8A-116. Securities intermediary as purchaser for value.