reglab/housing_qa huggingface dataset:
GA Code § 11-8-305 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 3 - Transfer of Certificated and Uncertificated Securities|§ 11-8-305. Instruction

  If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized and the issuer may rely on it as completed, even though it has been completed incorrectly.   Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by Code Section 11-8-108 and not an obligation that the security will be honored by the issuer.     (Code 1981, §11-8-305, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 15A Am. Jur. 2d, Commercial Code, §§ 83, 117. 18 Am. Jur. 2d, Corporations, § 433.   C.J.S.   - 18 C.J.S., Corporations, §§ 280, 281. 64A C.J.S., Municipal Corporations, § 1707 et seq. 81A C.J.S., States, § 186.   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-305.
GA Code § 11-8-307 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 3 - Transfer of Certificated and Uncertificated Securities|§ 11-8-307. Purchaser's Right to Requisites for Registration of Transfer

 Unless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any other requisite necessary to obtain registration of the transfer of the security, but if the transfer is not for value, a transferor need not comply unless the purchaser pays the necessary expenses. If the transferor fails within a reasonable time to comply with the demand, the purchaser may reject or rescind the transfer.    (Code 1981, §11-8-307, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-307.   ALR.    - Right or duty of corporation to refuse to transfer stock on books to one presenting properly endorsed certificate, because of knowledge or suspicion of conflicting rights of registered holder or of third person, 139 A.L.R. 273; 75 A.L.R.2d 746.
GA Code § 11-8-402 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 4 - Registration|§ 11-8-402. Assurance That Indorsement or Instruction Is Effective

  An issuer may require the following assurance that each necessary indorsement or each instruction is genuine and authorized:   In all cases, a guaranty of the signature of the person making an indorsement or originating an instruction including, in the case of an instruction, reasonable assurance of identity;   If the indorsement is made or the instruction is originated by an agent, appropriate assurance of actual authority to sign;   If the indorsement is made or the instruction is originated by a fiduciary pursuant to paragraph (4) or (5) of subsection (a) of Code Section 11-8-107, appropriate evidence of appointment or incumbency;   If there is more than one fiduciary, reasonable assurance that all who are required to sign have done so; and   If the indorsement is made or the instruction is originated by a person not covered by another provision of this subsection, assurance appropriate to the case corresponding as nearly as may be to the provisions of this subsection.     An issuer may elect to require reasonable assurance beyond that specified in this Code section.   In this Code section:   "Guaranty of the signature" means a guaranty signed by or on behalf of a person reasonably believed by the issuer to be responsible. An issuer may adopt standards with respect to responsibility if they are not manifestly unreasonable.   "Appropriate evidence of appointment or incumbency" means:      In the case of a fiduciary appointed or qualified by a court, a certificate issued by or under the direction or supervision of the court or an officer thereof and dated within 60 days before the date of presentation for transfer; or   In any other case, a copy of a document showing the appointment or a certificate issued by or on behalf of a person reasonably believed by an issuer to be responsible or, in the absence of that document or certificate, other evidence the issuer reasonably considers appropriate.    (Code 1981, §11-8-402, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 15A Am. Jur. 2d, Commercial Code, § 115.   C.J.S.   - 18 C.J.S., Corporations, § 275.   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-402.   ALR.   - Rights, duties, and liability of corporation in connection with transfer of stock of infant or incompetent, 3 A.L.R.2d 881.
GA Code § 11-8-403 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 4 - Registration|§ 11-8-403. Demand That Issuer Not Register Transfer

  A person who is an appropriate person to make an indorsement or originate an instruction may demand that the issuer not register transfer of a security by communicating to the issuer a notification that identifies the registered owner and the issue of which the security is a part and provides an address for communications directed to the person making the demand. The demand is effective only if it is received by the issuer at a time and in a manner affording the issuer reasonable opportunity to act on it.   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 after a demand that the issuer not register transfer has become effective, the issuer shall promptly communicate to (i) the person who initiated the demand at the address provided in the demand and (ii) the person who presented the security for registration of transfer or initiated the instruction requesting registration of transfer a notification stating that:   The certificated security has been presented for registration of transfer or the instruction for registration of transfer of the uncertificated security has been received;   A demand that the issuer not register transfer had previously been received; and   The issuer will withhold registration of transfer for a period of time stated in the notification in order to provide the person who initiated the demand an opportunity to obtain legal process or an indemnity bond.     The period described in paragraph (3) of subsection (b) of this Code section may not exceed 30 days after the date of communication of the notification. A shorter period may be specified by the issuer if it is not manifestly unreasonable.   An issuer is not liable to a person who initiated a demand that the issuer not register transfer for any loss the person suffers as a result of registration of a transfer pursuant to an effective indorsement or instruction if the person who initiated the demand does not, within the time stated in the issuer's communication, either:   Obtain an appropriate restraining order, injunction, or other process from a court of competent jurisdiction enjoining the issuer from registering the transfer; or   File with the issuer an indemnity bond, sufficient in the issuer's judgment to protect the issuer and any transfer agent, registrar, or other agent of the issuer involved from any loss it or they may suffer by refusing to register the transfer.     This Code section does not relieve an issuer from liability for registering transfer pursuant to an indorsement or instruction that was not effective.     (Code 1981, §11-8-403, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-403.
GA Code § 11-8-404 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 4 - Registration|§ 11-8-404. Wrongful Registration

  Except as otherwise provided in Code Section 11-8-406, 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:   Pursuant to an ineffective indorsement or instruction;   After a demand that the issuer not register transfer became effective under subsection (a) of Code Section 11-8-403 and the issuer did not comply with subsection (b) of Code Section 11-8-403;   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   By an issuer acting in collusion with the wrongdoer.     An issuer that is liable for wrongful registration of transfer under subsection (a) of this Code 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 Code Section 11-8-210.   Except as otherwise provided in subsection (a) of this Code 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 indorsement or instruction.     (Code 1981, §11-8-404, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-404.
GA Code § 11-8-405 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 4 - Registration|§ 11-8-405. Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate

  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:   So requests before the issuer has notice that the certificate has been acquired by a protected purchaser;   Files with the issuer a sufficient indemnity bond; and   Satisfies other reasonable requirements imposed by the issuer.     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 Code Section 11-8-210. 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.     (Code 1981, §11-8-405, enacted by Ga. L. 1998, p. 1323, § 1.)   Cross references.   - Establishment of lost documents generally, T. 24, C. 11.   RESEARCH REFERENCES   Am. Jur. 2d.   - 15A Am. Jur. 2d, Commercial Code, §§ 115, 116. 18 Am. Jur. 2d, Corporations, §§ 270, 274.   C.J.S.   - 18 C.J.S., Corporations, §§ 278, 279. 54 C.J.S., Lost Instruments, § 2.   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-405.   ALR.    - Burden of proof as to alteration not apparent on face of instrument, 31 A.L.R. 1455.    Rights of owner and bona fide purchaser of lost or stolen stock certificates, 52 A.L.R. 947.
GA Code § 11-8-406 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 4 - Registration|§ 11-8-406. 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 Code Section 11-8-404 or a claim to a new security certificate under Code Section 11-8-405.    (Code 1981, §11-8-406, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-406.
GA Code § 11-8-407 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 4 - Registration|§ 11-8-407. Authenticating Trustee, Transfer Agent, and Registrar

 A person acting as authenticating trustee, transfer agent, registrar, or other agent for an issuer in the registration of a 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.    (Code 1981, §11-8-407, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 15A Am. Jur. 2d, Commercial Code, § 116.   C.J.S.   - 2A C.J.S., Agency, § 155 et seq. 18 C.J.S., Corporations, §§ 278, 279. 90 C.J.S., Trusts, § 310 et seq.   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-407.
GA Code § 11-8-501 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 5 - Security Entitlements|§ 11-8-501. Securities Account; Acquisition of Security Entitlement From Securities Intermediary

  "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.   Except as otherwise provided in subsections (d) and (e) of this Code section, a person acquires a security entitlement if a securities intermediary:   Indicates by book entry that a financial asset has been credited to the person's securities account;   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   Becomes obligated under other law, regulation, or rule to credit a financial asset to the person's securities account.     If a condition of subsection (b) of this Code section has been met, a person has a security entitlement even though the securities intermediary does not itself hold the financial asset.   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 indorsed to the other person, and has not been indorsed 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.   Issuance of a security is not establishment of a security entitlement.     (Code 1981, §11-8-501, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-501.
GA Code § 11-8-502 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 5 - Security Entitlements|§ 11-8-502. 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 Code Section 11-8-501 for value and without notice of the adverse claim.    (Code 1981, §11-8-502, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-502.
GA Code § 11-8-504 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 5 - Security Entitlements|§ 11-8-504. Duty of Securities Intermediary to Maintain Financial Asset

  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.   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 Code section.   A securities intermediary satisfies the duty in subsection (a) of this Code section if:   The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or   In the absence of agreement, the securities intermediary exercises due care in accordance with reasonable commercial standards to obtain and maintain the financial asset.     This Code 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.     (Code 1981, §11-8-504, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-504.
GA Code § 11-8-505 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 5 - Security Entitlements|§ 11-8-505. Duty of Securities Intermediary With Respect to Payments and Distributions

  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:   The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or   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.     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.     (Code 1981, §11-8-505, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-505.
GA Code § 11-8-506 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 5 - Security Entitlements|§ 11-8-506. 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:    The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or   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.     (Code 1981, §11-8-506, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-506.
GA Code § 11-8-507 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 5 - Security Entitlements|§ 11-8-507. Duty of Securities Intermediary to Comply With Entitlement Order

  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:   The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or   In the absence of agreement, the securities intermediary exercises due care in accordance with reasonable commercial standards to comply with the entitlement order.     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.     (Code 1981, §11-8-507, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-507.
GA Code § 11-8-508 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 5 - Security Entitlements|§ 11-8-508. 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:    The securities intermediary acts as agreed upon by the entitlement holder and the securities intermediary; or   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.     (Code 1981, §11-8-508, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-508.
GA Code § 11-8-509 (2021)
2021 Georgia Code|Title 11 - Commercial Code|Article 8 - Investment Securities|Part 5 - Security Entitlements|§ 11-8-509. 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

  If the substance of a duty imposed upon a securities intermediary by Code Sections 11-8-504 through 11-8-508 is the subject of other statute, regulation, or rule, compliance with that statute, regulation, or rule satisfies the duty.   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.   The obligation of a securities intermediary to perform the duties imposed by Code Sections 11-8-504 through 11-8-508 is subject to:   Rights of the securities intermediary arising out of a security interest under a security agreement with the entitlement holder or otherwise; and   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.     Code Sections 11-8-504 through 11-8-508 do not require a securities intermediary to take any action that is prohibited by other statute, regulation, or rule.     (Code 1981, §11-8-509, enacted by Ga. L. 1998, p. 1323, § 1.)   RESEARCH REFERENCES   U.L.A.   - Uniform Commercial Code (U.L.A.) § 8-509.