Section 8-1301 - Delivery(1). Delivery of a certificated security to a purchaser occurs when: (a). The purchaser acquires possession of the security certificate; [1997, c. 429, Pt. B, §2 (NEW).](b). Another person, other than a securities intermediary, either acquires possession of the security certificate on behalf of the purchaser or, having previously acquired possession of the certificate, acknowledges that it holds for the purchaser; or [1997, c. 429, Pt. B, §2 (NEW).](c). A securities intermediary acting on behalf of the purchaser acquires possession of the security certificate, only if the certificate is in registered form and is: (i) Registered in the name of the purchaser;(ii) Payable to the order of the purchaser; or(iii) Specially indorsed to the purchaser by an effective indorsement and has not been indorsed to the securities intermediary or in blank. [1999, c. 699, Pt. B, §23 (AMD); 1999, c. 699, Pt. B, §28 (AFF).] [1999, c. 699, Pt. B, §23 (AMD); 1999, c. 699, Pt. B, §28 (AFF).]
(2). Delivery of an uncertificated security to a purchaser occurs when: (a). The issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or [1997, c. 429, Pt. B, §2 (NEW).](b). Another person, other than a securities intermediary, either becomes the registered owner of the uncertificated security on behalf of the purchaser or, having previously become the registered owner, acknowledges that it holds for the purchaser. [1997, c. 429, Pt. B, §2 (NEW).] [1997, c. 429, Pt. B, §2 (NEW).]
1997, c. 429, §B2 (NEW) . 1999, c. 699, §B23 (AMD) . 1999, c. 699, §B28 (AFF) .