reglab/housing_qa huggingface dataset:
NV Rev Stat § 104.8402 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8402 - Assurance that endorsement or instruction is effective.

  1. An issuer may require the following assurance that each necessary endorsement or each instruction is genuine and authorized:  (a) In all cases, a guaranty of the signature of the person making an endorsement or originating an instruction including, in the case of an instruction, reasonable assurance of identity;  (b) If the endorsement is made or the instruction is originated by an agent, appropriate assurance of actual authority to sign;  (c) If the endorsement is made or the instruction is originated by a fiduciary pursuant to paragraph (d) or (e) of subsection 1 of NRS 104.8107, appropriate evidence of appointment or incumbency;  (d) If there is more than one fiduciary, reasonable assurance that all who are required to sign have done so; and  (e) If the endorsement 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.  2. An issuer may elect to require reasonable assurance beyond that specified in this section.  3. As used in this section:  (a) "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.  (b) "Appropriate evidence of appointment or incumbency" means:  (1) 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  (2) 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 the issuer to be responsible or, in the absence of that document or certificate, other evidence reasonably deemed by the issuer to be appropriate.  (Added to NRS by 1965, 887; A 1985, 109; 1997, 400)
NV Rev Stat § 104.8403 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8403 - Demand that issuer not register transfer.

  1. A person who is an appropriate person to make an endorsement 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.  2. 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 the person who initiated the demand at the address provided in the demand and the person who presented the security for registration of transfer or initiated the instruction requesting registration of transfer a notification stating that:  (a) The certificated security has been presented for registration of transfer or the instruction for registration of transfer of the uncertificated security has been received;  (b) A demand that the issuer not register transfer had previously been received; and  (c) 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.  3. The period described in paragraph (c) of subsection 2 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.  4. 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 transfer pursuant to an effective endorsement or instruction if the person does not, within the time stated in the issuer’s communication:  (a) Obtain an appropriate restraining order, injunction or other process from a court of competent jurisdiction enjoining the issuer from registering transfer; or  (b) 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 transfer.  5. This section does not relieve an issuer from liability for registering transfer pursuant to an endorsement or instruction that was not effective.  (Added to NRS by 1965, 888; A 1985, 110; 1997, 401)
NV Rev Stat § 104.8404 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8404 - Wrongful registration.

  1. Except as otherwise provided in NRS 104.8406, 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:  (a) Pursuant to an ineffective endorsement or instruction;  (b) After a demand that the issuer not register transfer became effective under subsection 1 of NRS 104.8403 and the issuer did not comply with subsection 2 of NRS 104.8403;  (c) 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  (d) By an issuer acting in collusion with the wrongdoer.  2. An issuer that is liable for wrongful registration of transfer under subsection 1 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 NRS 104.8210.  3. Except as otherwise provided in subsection 1 or in a law relating to the collection of taxes, an issuer is not liable to an owner or any other person suffering loss as a result of the registration of transfer of a security if registration was made pursuant to an effective endorsement or instruction.  (Added to NRS by 1965, 888; A 1985, 112; 1997, 404)
NV Rev Stat § 104.8405 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8405 - Replacement of lost, destroyed or wrongfully taken security certificate.

  1. 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:  (a) So requests before the issuer has notice that the security has been acquired by a protected purchaser;  (b) Files with the issuer a sufficient indemnity bond; and  (c) Satisfies other reasonable requirements imposed by the issuer.  2. 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 NRS 104.8210. In addition to any rights on the indemnity bond, the issuer may recover the new certificate from the person to whom it was issued or any person taking under him or her except a protected purchaser.  (Added to NRS by 1965, 889; A 1985, 112; 1997, 405)
NV Rev Stat § 104.8406 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8406 - 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 NRS 104.8404 or a claim to a new security certificate under NRS 104.8405.  (Added to NRS by 1997, 366)
NV Rev Stat § 104.8407 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8407 - 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.  (Added to NRS by 1965, 889; A 1985, 113; 1997, 406)
NV Rev Stat § 104.8501 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8501 - Securities account; acquisition of security entitlement from securities intermediary.

  1. "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.  2. Except as otherwise provided in subsections 4 and 5, a person acquires a security entitlement if a securities intermediary:  (a) Indicates by book entry that a financial asset has been credited to his or her securities account;  (b) Receives a financial asset from the person or acquires a financial asset for him or her and, in either case, accepts it for credit to his or her securities account; or  (c) Becomes obligated under other law, regulation or rule to credit a financial asset to his or her securities account.  3. If a condition of subsection 2 has been met, a person has a security entitlement even though the securities intermediary does not itself hold the financial asset.  4. 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.  5. Issuance of a security is not establishment of a security entitlement.  (Added to NRS by 1997, 366)
NV Rev Stat § 104.8502 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8502 - 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 NRS 104.8501 for value and without notice of the adverse claim.  (Added to NRS by 1997, 367)
NV Rev Stat § 104.8503 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8503 - Property interest of entitlement holder in financial asset held by securities intermediary.

  1. To the extent necessary for a securities intermediary to satisfy all security entitlements with respect to a particular financial asset, all interests in that financial asset held by the securities intermediary are held by the securities intermediary for the entitlement holders, are not the property of the securities intermediary and are not subject to claims of creditors of the securities intermediary, except as otherwise provided in NRS 104.8511.  2. An entitlement holder’s property interest with respect to a particular financial asset under subsection 1 is a pro rata property interest in all interests in that financial asset held by the securities intermediary, without regard to the time the entitlement holder acquired the security entitlement or the time the securities intermediary acquired the interest in that financial asset.  3. An entitlement holder’s property interest with respect to a particular financial asset under subsection 1 may be enforced against the securities intermediary only by exercise of the entitlement holder’s rights under NRS 104.8505 to 104.8508, inclusive.  4. An entitlement holder’s property interest with respect to a particular financial asset under subsection 1 may be enforced against a purchaser of the financial asset or interest therein only if:  (a) Insolvency proceedings have been initiated by or against the securities intermediary;  (b) The securities intermediary does not have sufficient interests in the financial asset to satisfy the security entitlements of all of its entitlement holders to that financial asset;  (c) The securities intermediary violated its obligations under NRS 104.8504 by transferring the financial asset or interest therein to the purchaser; and  (d) The purchaser is not protected under subsection 5.  The trustee or other liquidator, acting on behalf of all entitlement holders having security entitlements with respect to a particular financial asset, may recover the financial asset, or interest therein, from the purchaser. If the trustee or other liquidator elects not to pursue that right, an entitlement holder whose security entitlement remains unsatisfied has the right to recover its interest in the financial asset from the purchaser.  5. An action based on the entitlement holder’s property interest with respect to a particular financial asset under subsection 1, whether framed in conversion, replevin, constructive trust, equitable lien or other theory, may not be asserted against any purchaser of a financial asset or interest therein who gives value, obtains control and does not act in collusion with the securities intermediary in violating the securities intermediary’s obligations under NRS 104.8504.  (Added to NRS by 1997, 367)
NV Rev Stat § 104.8504 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8504 - Duty of securities intermediary to maintain financial asset.

  1. 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.  2. 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 1.  3. A securities intermediary satisfies the duty under subsection 1 if:  (a) It acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or  (b) In the absence of agreement, it exercises due care in accordance with reasonable commercial standards to obtain and maintain the financial asset.  4. This section does not apply to a clearing corporation that is the obligor of an option or similar obligation to which its entitlement holders have security entitlements.  (Added to NRS by 1997, 368)
NV Rev Stat § 104.8505 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8505 - Duty of securities intermediary with respect to payments and distributions.

  1. 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:  (a) It acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or  (b) In the absence of agreement, it exercises due care in accordance with reasonable commercial standards to attempt to obtain the payment or distribution.  2. 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.  (Added to NRS by 1997, 368)
NV Rev Stat § 104.8506 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8506 - 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. It acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or  2. In the absence of agreement, it 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.  (Added to NRS by 1997, 368)
NV Rev Stat § 104.8507 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8507 - Duty of securities intermediary to comply with entitlement order.

  1. 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 a reasonable opportunity to comply with the entitlement order. A securities intermediary satisfies the duty if:  (a) It acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or  (b) In the absence of agreement, it exercises due care in accordance with reasonable commercial standards to comply with the entitlement order.  2. If a securities intermediary transfers a financial asset pursuant to an ineffective entitlement order, the securities intermediary shall re-establish 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 re-establish a security entitlement, the securities intermediary is liable to the entitlement holder for damages.  (Added to NRS by 1997, 368)
NV Rev Stat § 104.8508 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8508 - 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. It acts as agreed upon by the entitlement holder and the securities intermediary; or  2. In the absence of agreement, it exercises due care in accordance with reasonable commercial standards to follow the direction of the entitlement holder.  (Added to NRS by 1997, 369)
NV Rev Stat § 104.8509 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8509 - 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.

  1. If the substance of a duty imposed upon a securities intermediary by NRS 104.8504 to 104.8508, inclusive, is the subject of other statute, regulation or rule, compliance with that statute, regulation or rule satisfies the duty.  2. 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.  3. The obligation of a securities intermediary to perform the duties imposed by NRS 104.8504 to 104.8508, inclusive, is subject to:  (a) Rights of the securities intermediary arising out of a security interest under a security agreement with the entitlement holder or otherwise; and  (b) 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.  4. NRS 104.8504 to 104.8508, inclusive, do not require a securities intermediary to take any action that is prohibited by other statute, regulation or rule.  (Added to NRS by 1997, 369)
NV Rev Stat § 104.8510 (2021)
2021 Nevada Revised Statutes|Chapter 104 - Uniform Commercial Code — Original Articles|NRS 104.8510 - Rights of purchaser of security entitlement from entitlement holder.

  1. In a case not covered by the rules of priority in article 9 or the rules stated in subsection 3, 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.  2. If an adverse claim could not have been asserted against an entitlement holder under NRS 104.8502, the adverse claim cannot be asserted against a person who purchases a security entitlement, or an interest therein, from the entitlement holder.  3. In a case not covered by the rules of priority 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 4, purchasers who have control rank according to priority in time of:  (a) 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 paragraph (a) of subsection 4 of NRS 104.8106;  (b) 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 paragraph (b) of that subsection; or  (c) If the purchaser obtained control through another person under paragraph (c) of that subsection, the time on which priority would be based under this subsection if the other person were the secured party.  4. A securities intermediary as purchaser has priority over a conflicting purchaser who has control unless otherwise agreed by the securities intermediary.  (Added to NRS by 1997, 369; A 1999, 379)