California Laws: Commercial Code Sections 8501-8511
- California Laws: Commercial Code Section 8501
(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...
- California Laws: Commercial Code Section 8502
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...
- California Laws: Commercial Code Section 8503
(a) To the extent necessary for a securities intermediary to satisfy all security entitlements with respect to a particular financial asset, all interests in that...
- California Laws: Commercial Code Section 8504
(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...
- California Laws: Commercial Code Section 8505
(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...
- California Laws: Commercial Code Section 8506
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...
- California Laws: Commercial Code Section 8507
(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...
- California Laws: Commercial Code Section 8508
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...
- California Laws: Commercial Code Section 8509
(a) If the substance of a duty imposed upon a securities intermediary by Sections 8504 to 8508, inclusive, is the subject of a federal statute,...
- California Laws: Commercial Code Section 8510
(a) In a case not covered by the priority rules in Division 9 (commencing with Section 9101) or the rules stated in subdivision (c), an...
- California Laws: Commercial Code Section 8511
(a) Except as otherwise provided in subdivisions (b) and (c), if a securities intermediary does not have sufficient interests in a particular financial asset to...
