reglab/housing_qa huggingface dataset:
CT Gen Stat § 42a-8-401 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-8-401 - Duty of issuer to register transfer.

 (a) If a certificated security in registered form is presented to an issuer with a request to register transfer or an instruction is presented to an issuer with a request to register transfer of an uncertificated security, the issuer shall register the transfer as requested if:(1) Under the terms of the security the person seeking registration of transfer is eligible to have the security registered in its name;(2) The endorsement or instruction is made by the appropriate person or by an agent who has actual authority to act on behalf of the appropriate person;(3) Reasonable assurance is given as provided in section 42a-8-402 that the endorsement or instruction is genuine and authorized;(4) Any applicable law relating to the collection of taxes has been complied with;(5) The transfer does not violate any restriction on transfer imposed by the issuer in accordance with section 42a-8-204;(6) A demand that the issuer not register transfer has not become effective under section 42a-8-403, or the issuer has complied with subsection (b) of section 42a-8-403 but no legal process or indemnity bond is obtained as provided in subsection (d) of section 42a-8-403; and(7) The transfer is in fact rightful or is to a protected purchaser.(b) If an issuer is under a duty to register a transfer of a security, the issuer is liable to a person presenting a certificated security or an instruction for registration or to the person's principal for loss resulting from unreasonable delay in registration or failure or refusal to register the transfer.(1959, P.A. 133, S. 8-401; P.A. 79-435, S. 37; P.A. 97-182, S. 34; P.A. 98-93, S. 7, 15.)History: P.A. 79-435 specified “certificated” securities and made provisions applicable with respect to instructions requesting registration of transfer, pledge or release; P.A. 97-182 redesignated Subsec. (1) as Subsec. (a) and substantially revised said Subsec. and redesignated Subsec. (2) as Subsec. (b) and rephrased said Subsec.; P.A. 98-93 amended Subsec. (a)(3) to make a technical change, effective July 1, 1998.Cited. 6 CA 530.
CT Gen Stat § 42a-8-404 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-8-404 - Wrongful registration.

 (a) Except as otherwise provided in section 42a-8-406, an issuer is liable for wrongful registration of transfer if the issuer has registered a transfer of a security to a person not entitled to it, and the transfer was registered:(1) Pursuant to an ineffective endorsement or instruction;(2) After a demand that the issuer not register transfer became effective under subsection (a) of section 42a-8-403 and the issuer did not comply with subsection (b) of section 42a-8-403;(3) After the issuer had been served with an injunction, restraining order or other legal process enjoining it from registering the transfer, issued by a court of competent jurisdiction, and the issuer had a reasonable opportunity to act on the injunction, restraining order or other legal process; or(4) By an issuer acting in collusion with the wrongdoer.(b) An issuer that is liable for wrongful registration of transfer under subsection (a) of this section on demand shall provide the person entitled to the security with a like certificated or uncertificated security, and any payments or distributions that the person did not receive as a result of the wrongful registration. if an overissue would result, the issuer's liability to provide the person with a like security is governed by section 42a-8-210.(c) Except as otherwise provided in subsection (a) of this section or in a law relating to the collection of taxes, an issuer is not liable to an owner or other person suffering loss as a result of the registration of a transfer of a security if registration was made pursuant to an effective endorsement or instruction.(1959, P.A. 133, S. 8-404; P.A. 79-435, S. 40; P.A. 97-182, S. 37.)History: P.A. 79-435 specified applicability to “certificated” securities and to instructions, added reference to “pledge or release” of security and added Subsec. (3) re improper registration of uncertificated securities; P.A. 97-182 substantially revised section.
CT Gen Stat § 42a-8-405 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-8-405 - Replacement of lost, destroyed or wrongfully taken security certificate.

 (a) If an owner of a certificated security, whether in registered or bearer form, claims that the certificate has been lost, destroyed or wrongfully taken, the issuer shall issue a new certificate if the owner:(1) So requests before the issuer has notice that the certificate has been acquired by a protected purchaser;(2) Files with the issuer a sufficient indemnity bond; and(3) Satisfies other reasonable requirements imposed by the issuer.(b) If, after the issue of a new security certificate, a protected purchaser of the original certificate presents it for registration of transfer, the issuer shall register the transfer unless an overissue would result. In that case, the issuer's liability is governed by section 42a-8-210. In addition to any rights on the indemnity bond, an issuer may recover the new certificate from a person to whom it was issued or any person taking under that person, except a protected purchaser.(1959, P.A. 133, S. 8-405; P.A. 79-435, S. 41; P.A. 97-182, S. 38.)History: P.A. 79-435 applied previous provisions to “certificated” securities and added provisions specifically applicable to “uncertificated” securities; P.A. 97-182 deleted former Subsec. (1) re consequences of an owner failing to notify the issuer of lost, destroyed or stolen securities, redesignated former Subsecs. (2) and (3) as Subsecs. (a) and (b), respectively, and revised and rephrased said Subsecs.See Sec. 42a-8-406 for successor provisions to Sec. 42a-8-405(1), revised to 1997, re obligation to notify issuer of lost, destroyed or wrongfully taken security certificates.
CT Gen Stat § 42a-8-406 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-8-406 - Obligation to notify issuer of lost, destroyed or wrongfully taken security certificate.

 If a security certificate has been lost, apparently destroyed, or wrongfully taken, and the owner fails to notify the issuer of that fact within a reasonable time after the owner has notice of it and the issuer registers a transfer of the security before receiving notification, the owner may not assert against the issuer a claim for registering the transfer under section 42a-8-404, or a claim to a new security certificate under section 42a-8-405.(1959, P.A. 133, S. 8-406; P.A. 79-435, S. 42; P.A. 97-182, S. 39.)History: P.A. 79-435 distinguished between certificated and uncertificated securities; P.A. 97-182 replaced former provisions re duty of authenticating trustee, transfer agent or registrar with provisions re consequences of an owner failing to notify the issuer of a lost, destroyed or wrongfully taken security certificate, a restatement of Sec. 42a-8-405(1), revised to 1997.See Sec. 42a-8-407 for successor provisions to Sec. 42a-8-406, revised to 1997, re duty of authenticating trustee, transfer agent and registrar.
CT Gen Stat § 42a-8-407 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-8-407 - Authenticating trustee, transfer agent and registrar.

 A person acting as authenticating trustee, a transfer agent, registrar or other agent for an issuer in the registration of transfer of its securities, in the issue of new security certificates or uncertificated securities, or in the cancellation of surrendered security certificates has the same obligation to the holder or owner of a certificated or uncertificated security with regard to the particular functions performed as the issuer has in regard to those functions.(P.A. 79-435, S. 43; P.A. 97-182, S. 40.)History: P.A. 97-182 entirely replaced former provisions re exchangeability of securities with provisions re obligation of authenticating trustee, transfer agent, registrar or other agent, a restatement in part of Sec. 42a-8-406, revised to 1997.
CT Gen Stat § 42a-8-408 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-8-408 - Statement of uncertificated securities.

 Section 42a-8-408 is repealed, effective October 1, 1997.(P.A. 79-435, S. 44; P.A. 97-182, S. 68.)
CT Gen Stat § 42a-8-501 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-8-501 - Securities account; acquisition of security entitlement from securities intermediary.

 (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 person for whom the account is maintained as entitled to exercise the rights that comprise the financial asset.(b) Except as otherwise provided in subsections (d) and (e) of this section, a person acquires a security entitlement if a securities intermediary:(1) Indicates by book entry that a financial asset has been credited to the person's securities account;(2) Receives a financial asset from the person or acquires a financial asset for the person and, in either case, accepts it for credit to the person's securities account; or(3) Becomes obligated under other law, regulation or rule to credit a financial asset to the person's securities account.(c) If a condition of subsection (b) of this section has been met, a person has a security entitlement even though the securities intermediary does not itself hold the financial asset.(d) If a securities intermediary holds a financial asset for another person, and the financial asset is registered in the name of, payable to the order of, or specially endorsed to the other person, and has not been endorsed to the securities intermediary or in blank, the other person is treated as holding the financial asset directly rather than as having a security entitlement with respect to the financial asset.(e) Issuance of a security is not establishment of a security entitlement.(P.A. 97-182, S. 41.)
CT Gen Stat § 42a-8-502 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-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 42a-8-501 for value and without notice of the adverse claim.(P.A. 97-182, S. 42.)
CT Gen Stat § 42a-8-504 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-8-504 - Duty of securities intermediary to maintain financial asset.

 (a) A securities intermediary shall promptly obtain and thereafter maintain a financial asset in a quantity corresponding to the aggregate of all security entitlements it has established in favor of its entitlement holders with respect to that financial asset. The securities intermediary may maintain those financial assets directly or through one or more other securities intermediaries.(b) Except to the extent otherwise agreed by its entitlement holder, a securities intermediary may not grant any security interests in a financial asset it is obligated to maintain pursuant to subsection (a) of this section.(c) A securities intermediary satisfies the duty in subsection (a) of this section if:(1) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or(2) In the absence of agreement, the securities intermediary exercises due care in accordance with reasonable commercial standards to obtain and maintain the financial asset.(d) This section does not apply to a clearing corporation that is itself the obligor of an option or similar obligation to which its entitlement holders have security entitlements.(P.A. 97-182, S. 44.)
CT Gen Stat § 42a-8-505 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-8-505 - Duty of securities intermediary with respect to payments and distributions.

 (a) A securities intermediary shall take action to obtain a payment or distribution made by the issuer of a financial asset. A securities intermediary satisfies the duty if:(1) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or(2) In the absence of agreement, the securities intermediary exercises due care in accordance with reasonable commercial standards to attempt to obtain the payment or distribution.(b) A securities intermediary is obligated to its entitlement holder for a payment or distribution made by the issuer of a financial asset if the payment or distribution is received by the securities intermediary.(P.A. 97-182, S. 45.)
CT Gen Stat § 42a-8-506 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-8-506 - Duty of securities intermediary to exercise rights as directed by entitlement holder.

 A securities intermediary shall exercise rights with respect to a financial asset if directed to do so by an entitlement holder. A securities intermediary satisfies the duty if:(1) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or(2) In the absence of agreement, the securities intermediary either places the entitlement holder in a position to exercise the rights directly or exercises due care in accordance with reasonable commercial standards to follow the direction of the entitlement holder.(P.A. 97-182, S. 46.)
CT Gen Stat § 42a-8-507 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-8-507 - Duty of securities intermediary to comply with entitlement order.

 (a) A securities intermediary shall comply with an entitlement order if the entitlement order is originated by the appropriate person, the securities intermediary has had reasonable opportunity to assure itself that the entitlement order is genuine and authorized, and the securities intermediary has had reasonable opportunity to comply with the entitlement order. A securities intermediary satisfies the duty if:(1) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or(2) In the absence of agreement, the securities intermediary exercises due care in accordance with reasonable commercial standards to comply with the entitlement order.(b) If a securities intermediary transfers a financial asset pursuant to an ineffective entitlement order, the securities intermediary shall reestablish a security entitlement in favor of the person entitled to it, and pay or credit any payments or distributions that the person did not receive as a result of the wrongful transfer. If the securities intermediary does not reestablish a security entitlement, the securities intermediary is liable to the entitlement holder for damages.(P.A. 97-182, S. 47.)
CT Gen Stat § 42a-8-508 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-8-508 - Duty of securities intermediary to change entitlement holder's position to other form of security holding.

 A securities intermediary shall act at the direction of an entitlement holder to change a security entitlement into another available form of holding for which the entitlement holder is eligible, or to cause the financial asset to be transferred to a securities account of the entitlement holder with another securities intermediary. A securities intermediary satisfies the duty if:(1) The securities intermediary acts as agreed upon by the entitlement holder and the securities intermediary; or(2) In the absence of agreement, the securities intermediary exercises due care in accordance with reasonable commercial standards to follow the direction of the entitlement holder.(P.A. 97-182, S. 48.)
CT Gen Stat § 42a-8-509 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-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.

 (a) If the substance of a duty imposed upon a securities intermediary by sections 42a-8-504 to 42a-8-508, inclusive, is the subject of other statute, regulation or rule, compliance with that statute, regulation or rule satisfies the duty.(b) To the extent that specific standards for the performance of the duties of a securities intermediary or the exercise of the rights of an entitlement holder are not specified by other statute, regulation or rule or by agreement between the securities intermediary and entitlement holder, the securities intermediary shall perform its duties and the entitlement holder shall exercise its rights in a commercially reasonable manner.(c) The obligation of a securities intermediary to perform the duties imposed by sections 42a-8-504 to 42a-8-508, inclusive, is subject to:(1) Rights of the securities intermediary arising out of a security interest under a security agreement with the entitlement holder or otherwise; and(2) Rights of the securities intermediary under other law, regulation, rule or agreement to withhold performance of its duties as a result of unfulfilled obligations of the entitlement holder to the securities intermediary.(d) Sections 42a-8-504 to 42a-8-508, inclusive, do not require a securities intermediary to take any action that is prohibited by other statute, regulation or rule.(P.A. 97-182, S. 49.)
CT Gen Stat § 42a-8-510 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-8-510 - Rights of purchaser of security entitlement from entitlement holder.

 (a) In a case not covered by the priority rules in article 9 or the rules stated in subsection (c) of this section, an action based on an adverse claim to a financial asset or security entitlement, whether framed in conversion, replevin, constructive trust, equitable lien or other theory, may not be asserted against a person who purchases a security entitlement, or an interest therein, from an entitlement holder if the purchaser gives value, does not have notice of the adverse claim and obtains control.(b) If an adverse claim could not have been asserted against an entitlement holder under section 42a-8-502, the adverse claim cannot be asserted against a person who purchases a security entitlement, or an interest therein, from the entitlement holder.(c) In a case not covered by the priority rules in article 9, a purchaser for value of a security entitlement, or an interest therein, who obtains control has priority over a purchaser of a security entitlement, or an interest therein, who does not obtain control. Except as otherwise provided in subsection (d) of this section, purchasers who have control rank according to priority in time of:(1) The purchaser's becoming the person for whom the securities account, in which the security entitlement is carried, is maintained, if the purchaser obtained control under subsection (d)(1) of section 42a-8-106;(2) The securities intermediary's agreement to comply with the purchaser's entitlement orders with respect to security entitlements carried or to be carried in the securities account in which the security entitlement is carried, if the purchaser obtained control under subsection (d)(2) of section 42a-8-106; or(3) If the purchaser obtained control through another person under subsection (d)(3) of section 42a-8-106, the time on which priority would be based under this subsection if the other person were the secured party.(d) A securities intermediary as purchaser has priority over a conflicting purchaser who has control unless otherwise agreed by the securities intermediary.(P.A. 97-182, S. 50; P.A. 98-93, S. 11, 15; P.A. 01-132, S. 151.)History: P.A. 98-93 amended Subsec. (a) to replace “buys” with “purchases”, effective July 1, 1998; P.A. 01-132 amended Subsec. (a) to make provisions applicable “In a case not covered by the priority rules in article 9 or the rules stated in subsection (c) of this section”, amended Subsec. (c) to replace default rule that purchasers who have control rank equally with default rule that, except as provided in Subsec. (d), priority among purchasers who have control is determined by the time of certain events and add Subdivs. (1), (2) and (3) re such events, and designate as Subsec. (d) existing exception re the priority of a securities intermediary as purchaser over a conflicting purchaser who has control.
CT Gen Stat § 42a-8-511 (2020)
2020 Connecticut General Statutes|Title 42a - Uniform Commercial Code|Article 8 - Investment Securities|Section 42a-8-511 - Priority among security interests and entitlement holders.

 (a) Except as otherwise provided in subsections (b) and (c) of this section, if a securities intermediary does not have sufficient interests in a particular financial asset to satisfy both its obligations to entitlement holders who have security entitlements to that financial asset and its obligation to a creditor of the securities intermediary who has a security interest in that financial asset, the claims of entitlement holders, other than the creditor, have priority over the claim of the creditor.(b) A claim of a creditor of a securities intermediary who has a security interest in a financial asset held by a securities intermediary has priority over claims of the securities intermediary's entitlement holders who have security entitlements with respect to that financial asset if the creditor has control over the financial asset.(c) If a clearing corporation does not have sufficient financial assets to satisfy both its obligations to entitlement holders who have security entitlements with respect to a financial asset and its obligation to a creditor of the clearing corporation who has a security interest in that financial asset, the claim of the creditor has priority over the claims of entitlement holders.(P.A. 97-182, S. 51; P.A. 98-93, S. 12, 15.)History: P.A. 98-93 amended Subsec. (a) to replace “subsection (b)” with “subsections (b) and (c)” and added new Subsec. (b) re the priority of the claim of a creditor of a securities intermediary who has a security interest in a financial asset held by a securities intermediary and has control over the financial asset, relettering former Subsec. (b) as Subsec. (c), effective July 1, 1998.