MS Code § 75-8-102 (2020)
2020 Mississippi Code|Title 75 - Regulation of Trade, Commerce and Investments|Chapter 8 - Uniform Commercial Code-Revised Article 8. Investment Securities|Part 1 - . Short Title and General Matters|§ 75-8-102. Definitions

 In this chapter:    "Adverse claim" means a claim that a claimant has a property interest in a financial asset and that it is a violation of the rights of the claimant for another person to hold, transfer, or deal with the financial asset.   "Bearer form," as applied to a certificated security, means a form in which the security is payable to the bearer of the security certificate according to its terms but not by reason of an indorsement.   "Broker" means a person defined as a broker or dealer under the federal securities laws, but without excluding a bank acting in that capacity.   "Certificated security" means a security that is represented by a certificate.   "Clearing corporation" means:   "Communicate" means to:   "Entitlement holder" means a person identified in the records of a securities intermediary as the person having a security entitlement against the securities intermediary. If a person acquires a security entitlement by virtue of Section 75-8-501(b)(2) or (3), that person is the entitlement holder.   "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.   "Financial asset," except as otherwise provided in Section 75-8-103, means:   [Reserved]   "Indorsement" means a signature that alone or accompanied by other words is made on a security certificate in registered form or on a separate document for the purpose of assigning, transferring, or redeeming the security or granting a power to assign, transfer, or redeem it.   "Instruction" means a notification communicated to the issuer of an uncertificated security which directs that the transfer of the security be registered or that the security be redeemed.   "Registered form," as applied to a certificated security, means a form in which:   "Securities intermediary" means:   "Security," except as otherwise provided in Section 75-8-103, means an obligation of an issuer or a share, participation, or other interest in an issuer or in property or an enterprise of an issuer:   "Security certificate" means a certificate representing a security.   "Security entitlement" means the rights and property interest of an entitlement holder with respect to a financial asset specified in Part 5 of this chapter.   "Uncertificated security" means a security that is not represented by a certificate.  Appropriate person Section 75-8-107   Control Section 75-8-106   Delivery Section 75-8-301   Investment company security Section 75-8-103   Issuer Section 75-8-201   Overissue Section 75-8-210   Protected purchaser Section 75-8-303   Securities account Section 75-8-501     A person that is registered as a "clearing agency" under the federal securities laws;   A federal reserve bank; or   Any other person that provides clearance or settlement services with respect to financial assets that would require it to register as a clearing agency under the federal securities laws but for an exclusion or exemption from the registration requirement, if its activities as a clearing corporation, including promulgation of rules, are subject to regulation by a federal or state governmental authority.   Send a signed writing; or   Transmit information by any mechanism agreed upon by the persons transmitting and receiving the information.   A security;   An obligation of a person or a share, participation, or other interest in a person or in property or an enterprise of a person, which is, or is of a type, dealt in or traded on financial markets, or which is recognized in any area in which it is issued or dealt in as a medium for investment; or   Any property that is held by a securities intermediary for another person in a securities account if the securities intermediary has expressly agreed with the other person that the property is to be treated as a financial asset under this chapter. As context requires, the term means either the interest itself or the means by which a person's claim to it is evidenced, including a certificated or uncertificated security, a security certificate, or a security entitlement.   The security certificate specifies a person entitled to the security; and   A transfer of the security may be registered upon books maintained for that purpose by or on behalf of the issuer, or the security certificate so states.   A clearing corporation; or   A person, including a bank or broker, that in the ordinary course of its business maintains securities accounts for others and is acting in that capacity.   Which is represented by a security certificate in bearer or registered form, or the transfer of which may be registered upon books maintained for that purpose by or on behalf of the issuer;   Which is one of a class or series or by its terms is divisible into a class or series of shares, participations, interests, or obligations; and   Which:   Is, or is of a type, dealt in or traded on securities exchanges or securities markets; or   Is a medium for investment and by its terms expressly provides that it is a security governed by this chapter.   Other definitions applying to this chapter and the sections in which they appear are:   In addition, Chapter 1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.   The characterization of a person, business, or transaction for purposes of this chapter does not determine the characterization of the person, business, or transaction for purposes of any other law, regulation, or rule.